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This Week in Startups

OpenAI Chaos Continues with Sunny Madra and David Sacks | E1852

This Week in Startups

Jason Calacanis

Technology

4.21.4K Ratings

🗓️ 21 November 2023

⏱️ 60 minutes

🧾️ Download transcript

Summary

This Week in Startups is brought to you by…

NetSuite. Once your business gets to a certain size the cracks start to emerge.  Things you used to do in a day take a week. You deserve a customized solution - and that's NetSuite. Learn more when you download NetSuite’s popular KPI Checklist - absolutely free, at NetSuite.com/twist

LinkedIn Marketing. To redeem a $100 LinkedIn ad credit and launch your first campaign, go to linkedin.com/thisweekinstartups

Brave. If you’re building AI and search-based applications, train your models with the Brave Search API. Get started for free at brave.com/jason

Today’s show:

Sunny Madra and David Sacks join Jason to break down all the chaos of the past few days at OpenAI including why the situation is so unprecedented (17:46), the board’s failure (30:18), the impact on startups (43:34), and much more!

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Time stamps:

(0:00) Recapping the chaotic past few days at OpenAI plus some immediate impacts from the fallout

(16:43) NetSuite - Download your free KPI Checklist at http://netsuite.com/twist

(17:46) David Sacks joins the show and explains why this situation is so unprecedented in Silicon Valley

(28:51) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups

(30:18) How the board could have handled this better, Sam Altman's misaligned incentives packages (or lack thereof)

(37:14) Silicon Valley's battle-tested standard structure, and why you shouldn't innovate on corporate structure

(42:20) Brave - Try the Brave Search API at http://brave.com/jason

(43:34) Impact on startups reliant on OpenAI's models, a brutal momentum killer for OpenAI

(50:39) Predictions: Return of the King? Mass Exodus? Something else?

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Follow Sunny: https://twitter.com/sundeep

Follow Sacks: https://twitter.com/DavidSacks

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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

Check out Jason’s suite of newsletters: https://substack.com/@calacanis

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Follow Jason:

Twitter: https://twitter.com/jason

Instagram: https://www.instagram.com/jason

LinkedIn: https://www.linkedin.com/in/jasoncalacanis

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Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

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Subscribe to the Founder University Podcast: https://www.founder.university/podcast

Transcript

Click on a timestamp to play from that location

0:00.0

Okay, everybody welcome to this week and startups. We're going live on a Monday afternoon in the middle of all this open AI drama. What a 72 hours never seen anything like this in the history of Silicon Valley.

0:13.8

It's like we're living through the firing of Steve Jobs.

0:17.2

And the drama here is incredibly high.

0:19.4

And with me again today to discuss this is Sundep Mad Madra my good friend he is at Sundeep

0:25.1

on Twitter where we're hosting a Twitter space is live if you want to be invited to

0:31.2

these Twitter spaces live in the future you can just follow me

0:33.6

I'm X.com slash Jason he's X.com slash Sundeep on the website formerly known as

0:39.6

Twitter we also are live right now if you want to see the video if you go to

0:44.0

YouTube.com and search for this week in startups.

0:47.0

The channel is YouTube.com slash this week in

0:50.0

and you can subscribe to the this Week in Startups channel and hit the alert button

0:56.4

and you will get alerted there when we go live.

0:59.1

We are experiencing the most drama we've ever experienced in the history of Silicon Valley startups, I think.

1:06.0

This is probably goes beyond Therinos.

1:08.4

Certainly an importance goes right up there with SBF.

1:11.7

I give this one the edge with me again to discuss it all and give you a recap of what's happened and our insights is my good friend Sunny Sandeep Madras sunny how you doing

1:21.2

Excellent you know been just tracking all of this and seeing what impact it has on my startup as well so we get we can talk about that as we after we recap and

1:31.1

exciting times you know lots of stuff, so let's maybe get right into it.

1:35.4

This week in startups is brought to you by NetSuite. Once your business gets to

1:40.9

a certain size, the cracks start to emerge.

1:44.0

Things you used to do in a day, take a week.

1:47.6

You deserve a customized solution, and that's Net Suite.

...

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