Stripe to raise $6B, $SIVB drops 60%, generative AI funding | E1695
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 10 March 2023
⏱️ 65 minutes
🧾️ Download transcript
Summary
Eric Newcomer joins to break down all the trending tech topics, including Stripe raising $6B (16:31), major generative ai fundraises (35:55), Silicon Valley Bank dropping 60% (50:35), and more!
(0:00) Jason kicks off the show
(1:55) Eric’s move to independent journalism
(10:07) First Republic Bank - Discover what a long-term financial relationship can do for you. Visit https://firstrepublic.com today to learn more.
(10:57) Take rates and more on Substack
(16:31) Eric’s Scoop on Stripe
(20:43) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist
(21:46) The narrative around the tech layoffs + Generative AI
(34:24) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(35:55) The deluge of Funding into AI
(43:39) The state of VC investing
(50:35) Silicon Valley Bank drops 60%
FOLLOW Eric: https://twitter.com/EricNewcomer
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
Transcript
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| 0:00.0 | to, hey, everybody, welcome to Friday. |
| 0:02.1 | We have an awesome new show for you today. |
| 0:04.4 | Eric Newcomber is filling in from Molly. |
| 0:06.3 | First, we briefly talk about Eric's transition |
| 0:09.0 | to an individual independent indie journalist |
| 0:11.9 | on Stubstack and what that means |
| 0:13.7 | for his incredible business, |
| 0:15.8 | which is in the two-coma club right now. |
| 0:17.6 | I can say that, he breaks some news here. |
| 0:19.4 | And we break down Eric's amazing scoop on Stripe, |
| 0:22.8 | which is raising $6 billion at a $50 billion |
| 0:26.4 | valuation down from $96 billion. |
| 0:28.8 | And he's got the inside details. |
| 0:30.7 | Then we talk about all the generative AI funding, |
| 0:34.8 | how crazy that is. |
| 0:36.2 | And breaking news, breaking, breaking news, |
| 0:38.5 | Silicon Valley Bank has dropped 60% their stock price. |
| 0:42.6 | And there is the, I hate to say this, |
| 0:50.0 | there's a bit of a talk of people taking their deposits |
| 0:53.8 | out of Silicon Valley Bank by some venture firms. |
| 0:57.0 | And that could create a potential bank run. |
| 0:59.2 | Maybe, maybe not. |
... |
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