Reddit’s IPO, Consumer vs. Enterprise AI, and Sam Altman’s New Fund and more! | E1903
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 23 February 2024
⏱️ 72 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
Northwest Registered Agent. When starting your business, it's important to use a service that will actually help you. Northwest Registered Agent is that service. They'll form your company fast, give you the documents you need to open a business bank account, and even provide you with mail scanning and a business address to keep your personal privacy intact. Visit - https://www.northwestregisteredagent.com/twist to get a 60% discount on your next LLC.
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Miro. Working remotely doesn’t mean you need to feel disconnected from your team. Miro is an online whiteboard that brings teams together - anytime, anywhere. Go to https://miro.com/startups to sign up for a FREE account with unlimited team members.
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Todays show:
David Weisburd hosts Bryan Rosenblatt, Michael Downing and Jason Calacanis to discuss Reddit’s IPO (1:19), Consumer vs. Enterprise AI (22:02), Sam Altman’s New Fund (38:18), and much more!
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Timestamps:
(0:00) David Weisburd hosts Bryan Rosenblatt, Michael Downing and Jason Calacanis
(1:19) Discussion on Reddit’s IPO and potential as an advertising business
(9:28) Northwest Registered Agent - Get a 60% discount on your next LLC at - https://www.northwestregisteredagent.com/twist
(10:23) Reddit’s IPO and potential as an advertising business cont.
(16:44) AI Integration in traditional businesses
(20:56) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist
(22:02) Consumer vs. enterprise AI
(37:09) Miro - Sign up for a free account at https://miro.com/startups
(38:18) Sam Altman’s venture capital fund and the future of the AI ecosystem
(1:05:06) Rapid fire segment on recent investments
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Mentioned on the show:
https://www.wsj.com/tech/ai/generative-ai-business-implementation-ac995975?mod=tech_lead_pos4
https://www.axios.com/2024/02/15/sam-altman-openai-startup-fund
https://www.recursiveventures.com
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Follow Bryan
X: https://twitter.com/BRosenblatt4
LinkedIn: https://www.linkedin.com/in/bryanrosenblatt
Check out: https://www.craftventures.com
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Follow Michael
X: https://twitter.com/michaeldowning
LinkedIn: https://www.linkedin.com/in/michaeldowning
Check out: https://www.mdsv.vc
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Follow David:
X: https://twitter.com/DWeisburd
LinkedIn: https://www.linkedin.com/in/dweisburd
Check out: https://10xcapital.com
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Follow Jason:
X: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(9:28) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist
(20:56) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist
(37:09) Miro - Sign up for a free account at https://miro.com/startups
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Check out the Launch Accelerator: https://launchaccelerator.co
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Check out Founder University: https://www.founder.university
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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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Transcript
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| 0:00.0 | If you take the entirety of unicorn successful companies that have come out of the market over the last 15 years, |
| 0:07.0 | 92% of those companies had a small fund like yours, Jason, early, you know, the earliest days they were investors there. |
| 0:14.7 | But then if you look at how much did they invest beyond the seed stage? |
| 0:20.4 | Yes, almost none. |
| 0:22.4 | Almost none. |
| 0:23.0 | Less than 5% of the time did they ever even participate beyond the sea stage, which is just, you know, I mean with some of these companies, |
| 0:30.2 | it's hard to imagine the value. |
| 0:33.0 | This week in startups is brought to you by |
| 0:36.0 | Northwest Registered Agent will form your company fast, |
| 0:40.0 | give you the documents you need to open a business bank account and more. |
| 0:44.0 | Visit Northwest Registered Agent.com slash Twist to get a 60% discount on your next LLC. |
| 0:52.0 | Dev Squad, most Dev agencies only offer developers. Why? |
| 0:56.6 | Because product management is hard. Get an entire product team for the cost of |
| 1:00.7 | one US developer plus 10% off at Dev Squad.com slash twist. |
| 1:07.1 | And Miro helps take ideas from in your head to out there in the world |
| 1:12.0 | with its ability to democratize collaboration and |
| 1:14.4 | input sign up for free at meuro.com slash startups. |
| 1:19.2 | Welcome back to this week's liquidity podcast. With me today I have Brian Rosenblatt of Craft Ventures, |
| 1:25.5 | a VC firm founded by Jason Erebesti David Sachs, |
| 1:28.7 | which now has over $3 billion Aum. |
| 1:31.7 | Next we have Michael Downing of MDSV Capital, Emerging Manager-focused Fund of Funds, that also has a direct |
| 1:38.0 | investment fund providing managers with follow-on capital. |
... |
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