OpenAI drama, billion-dollar exits, and founder salaries with new co-host Alex Wilhelm | E1953
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 21 May 2024
⏱️ 73 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 http://www.vanta.com/twist
LinkedIn Ads - To redeem a $100 LinkedIn ad credit and launch your first campaign, go to http://www.linkedin.com/thisweekinstartups
Equinix - The Equinix Startup program offers a hybrid infrastructure solution for startups, including up to $100K in credits and personalized consultations and guidance from the Equinix team. Go to https://www.equinixstartups.com to apply today.
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Timestamps:
(0:00) Alex Wilhelm joins Jason to dive into this week’s news.
(1:17) Announcing new co-host on TWiST Alex Wilhelm of TechCrunch fame!
(3:03) Alex breaks down what’s on the docket for today!
(4:16) The OpenAI equity issue.
(10:38) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist
(12:39) OpenAI’s ChatGPT 4o. (15:33) Why ChatGPT is better than Siri.
(17:50) OpenAI’s net revenue in the wake of last week’s announcements. (20:04) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups (22:06) Comparing the needs of consumers vs enterprise for ChatGPT. (24:17) OpenAI has pulled “Sky” one of the voices for the new ChatGPT 4o due to it sounding like Scarlett Johansson
(28:48) Equinix - Join the Equinix Startup Program for up to $100K in credits and much more at https://deploy.equinix.com/startups (30:01) Alex’s favorite topic around how much founders paying themselves. (38:46) A billion-dollar deal in cybersecurity.
(45:43) Breaking news Scar Jo!
(56:24) What’s going on with crypto-venture capital.
(58:02) A look at “decentralized twitter” called Farcaster.
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Links from episode:
OpenAI Equity link: https://www.businessinsider.com/sam-altman-openai-nda-clause-vested-equity-ilya-sutskever-2024-5
OpenAI revenue growth https://techcrunch.com/2024/05/20/chatgpts-mobile-app-revenue-saw-biggest-spike-yet-following-gpt-4o-launch/
Founder salary report: https://pilot.com/founder-salary-report-2024
CyberArk-Venafi deal: https://techcrunch.com/2024/05/20/cyberark-snaps-up-venafi-for-1-54b-to-ramp-up-in-machine-to-machine-security/
Crypto VC rising: https://www.reuters.com/technology/venture-capital-funding-crypto-rises-24-bln-pitchbook-says-2024-05-20/
Check out Farcaster: https://www.farcaster.xyz/
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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
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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:
(10:38) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist
(20:04) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups (28:48) Equinix - Join the Equinix Startup Program for up to $100K in credits and much more at https://deploy.equinix.com/startups
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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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Follow TWiST:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
Instagram: https://www.instagram.com/thisweekinstartups
TikTok: https://www.tiktok.com/@thisweekinstartups
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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 | Let's |
| 0:02.0 | general hospital is open AI at this point. |
| 0:04.0 | It is the soap opera of our industry. |
| 0:06.0 | Yes. |
| 0:07.0 | But like all good sitcoms, we started somewhere. |
| 0:09.0 | Things happened and we ended up exactly where we started off to begin with. |
| 0:12.0 | So there we go, ladies and gentlemen. |
| 0:14.2 | Open AI part 495, I think. |
| 0:17.0 | Next week, tomorrow on General Open AI Hospital. |
| 0:21.6 | We need some dramatic shots. We need some dramatic shots. |
| 0:23.2 | I'll kill you, tell all. |
| 0:27.4 | When in doubt talk about open AI because there's always something going on. |
| 0:31.5 | This weekend startups is brought to you by Vanta. Compliance and |
| 0:36.1 | security shouldn't be a dealbreaker for startups to win new business. |
| 0:40.3 | Vanta makes it easy for companies to get a sock to report fast. |
| 0:45.0 | Twist listeners can get a thousand dollars off for a limited time at vanta.com |
| 0:50.0 | slash twist. |
| 0:52.0 | LinkedIn ads. To redeem a $100 LinkedIn ad credit and launch your first campaign |
| 0:58.0 | go to LinkedIn dot com slash this weekend startups and equix. The Equinix startup program offers a hybrid infrastructure |
| 1:06.7 | solution for startups, including up to 100K in credits and personalized consultations and |
| 1:12.3 | guidance from the Equinix team. |
| 1:14.0 | Go to equinix startups.com to apply today. |
... |
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