OpenAI CTO Departure, DOJ AI Compliance, M&A Trends, and more! | E2014
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 26 September 2024
⏱️ 87 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
Linear. Linear helps product teams focus on what they do best: Planning and building great products. Streamline issues, projects, and product roadmaps in a tool your team will actually enjoy using. Get 25% off at https://www.linear.app/twist
Oracle - Oracle Cloud Infrastructure, or OCI, is a single platform for your infrastructure, database, application development, and AI needs. Save up to 50% on your cloud bill at https://www.oracle.com/twist
Fundrise. Fundrise provides access to diversified portfolios of private real estate to all investors with their industry leading, easy to use platform. Sign up today at https://www.fundrise.com/TWIST
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Todays show:
Alex Wilhelm joins Jason to discuss OpenAI CTO’s departure (2:03), DOJ AI compliance guidelines (9:11), current trends in tech M&A (19:15), and much more!
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Timestamps:
(0:00) Jason and Alex kick off the show
(2:03) Breaking news: OpenAI CTO departure and speculation
(8:17) Linear - Streamline issues, projects, and product roadmaps in a tool your team will actually enjoy using. Get 25% off at https://www.linear.app/twist
(9:11) DOJ AI compliance guidelines
(17:52) Oracle - Try OCI and save up to 50% on your cloud bill at https://www.oracle.com/twist
(19:15) Current state and trends in tech M&A
(29:13) Liquidity, market trust, and the move towards a cashless society
(36:05) Fundrise - Sign up today at https://www.fundrise.com/TWIST
(37:21) Startup funding, valuations, and disciplined fundraising
(50:09) Instacart's valuation journey and venture capital challenges
(53:25) Optimism for the AI-driven business super cycle
(55:36) The future of labor: Skilled trades vs. knowledge workers
(1:02:03) Trends in apprenticeships, college enrollment, and geographic arbitrage
(1:08:24) Startup opportunities in vocational training and alternative education models
(1:11:09) Google's career certificates initiative
(1:14:16) Job expectations and the reality for young professionals
(1:15:42) Tenet Media controversy
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Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.com
Check out the TWIST500: https://www.twist500.com
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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
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Mentioned on the show:
https://www.cnbc.com/2024/09/16/the-toolbelt-generation-why-teens-are-losing-faith-in-college.html
https://globalventuring.com/corporate/exit/exits-corporate-backed-startups-august-2024
https://www.ft.com/content/78b7e7a7-7428-4c5e-bfa2-0921c9d6cd25
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Follow Alex:
LinkedIn: https://www.linkedin.com/in/alexwilhelm
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Follow Jason:
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(8:17) Linear - Streamline issues, projects, and product roadmaps in a tool your team will actually enjoy using. Get 25% off at https://www.linear.app/twist
(17:52) Oracle - Try OCI and save up to 50% on your cloud bill at https://www.oracle.com/twist
(36:05) Fundrise - Sign up today at https://www.fundrise.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
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
Click on a timestamp to play from that location
| 0:00.0 | So there's two individuals who are digging a tunnel. |
| 0:04.0 | On the other side of the tunnel are a bunch of diamonds. |
| 0:06.8 | The one guy is walking away when he has but one or two strikes left with his pickaxe |
| 0:11.6 | to get to the diamonds. The other person is feverishly trying to get there. |
| 0:16.2 | I'm not giving up folks. I am not giving up. Other VCs might be given up. I believe we are on the precipice of the greatest super |
| 0:26.0 | cycle in the history of business because what AI is capable of doing, if you can own, you know, these companies and help grow them now, |
| 0:37.6 | and they are as efficient as they appear to be trending towards, |
| 0:41.1 | the amount of earnings that these companies could have per |
| 0:45.3 | individual is going to start looking more like I don't know Google's earnings |
| 0:49.9 | apples earnings or onlyfans which is to say tens of millions of dollars per |
| 0:55.5 | employee, not hundreds of thousands, right? This weekend startups is brought to you |
| 1:00.4 | by Linear. Linear Helps Product teams focus on what they do best, planning |
| 1:06.4 | and building great products. Streamline issues, projects, and product roadmaps |
| 1:11.4 | in a tool your team will actually enjoy using. |
| 1:14.4 | Get 25% off at linear. app slash twist. |
| 1:18.8 | Oracle. |
| 1:20.0 | Oracle Cloud Infrastructure or OCI is a single platform for your infrastructure, database, |
| 1:26.1 | application development, and AI needs. |
| 1:28.9 | Save up to 50% on your Cloud bill at Oracle.com slash twist. |
| 1:34.0 | And Fundrise provides access to diversified portfolios of private real estate |
| 1:41.0 | to all investors with their industry leading easy to use |
| 1:44.2 | platform. Sign up today at fundrise.com slash twist. All right everybody |
... |
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