The Automation Endgame, VCs Returning Cash, and the OpenAI Wager | E2019
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 3 October 2024
⏱️ 85 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
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Todays show:
Alex Wilhelm joins Jason to discuss the ongoing ILA strike and impact (2:34), Startup opportunities in port automation (39:49), CRV's $275M return to investors (55:33), OpenAI closing its $6.6 billion mega-round (1:12:07), and more!
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Timestamps:
(0:00) Jason and Alex kick off the show
(2:34) The ILA strike overview and impact
(4:59) Technology and efficiency in global ports
(10:10) Notion - Try it for free today at https://notion.com/twist
(11:43) Labor, supply chain fragility, and union perspectives
(20:12) Future of port automation and union demands
(27:07) Fidelity Private Shares℠ - Visit https://www.fidelityprivateshares.com! Mention our podcast and receive 20% off your first-year paid subscription.
(28:27) Societal impacts of potential future labor changes
(38:07) Kyte - Download the Kyte app or book online at https://www.kyte.com and use code JASON to save 10% on your first rental.
(39:38) Startup opportunities in port automation and technology resistance
(45:13) Innovations in port tech
(50:11) Broader impact of automation on employment
(55:39) CRV's $275M return to investors
(1:00:06) Focusing on core strengths in venture capital
(1:02:16) Current market conditions and lack of late-stage IPOs
(1:08:26) Essential skills for venture capital investing and variability in VC fund performance
(1:12:07) OpenAI closing its $6.6 billion mega-round
(1:18:27) Audience Q&A
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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.gao.gov/assets/d24106498.pdf
https://ilaunion.org/ila-halts-negotiations-with-usmx-amid-automation-disputes/
https://www.cbsnews.com/news/how-much-do-dock-workers-make-longshoreman-salary/
https://www.nytimes.com/2024/10/02/technology/crv-vc-fund-returning-money.html
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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:
(10:10) Notion - Try it for free today at https://notion.com/twist
(27:07) Fidelity Private Shares℠ - Visit https://www.fidelityprivateshares.com! Mention our podcast and receive 20% off your first-year paid subscription.
(38:07) Kyte - Download the Kyte app or book online at https://www.kyte.com and use code JASON to save 10% on your first rental.
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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
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Instagram: https://www.instagram.com/thisweekinstartups
TikTok: https://www.tiktok.com/@thisweekinstartups
Substack: https://twistartups.substack.com
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Would I invest in Open AI at 150 billion? |
| 0:03.1 | I said absolutely not because I believe it's a 2X in seven years. |
| 0:07.0 | I believe the company will go public, complete this insane flip |
| 0:10.9 | from a non-profit into a for-profit as a public company in seven years. |
| 0:16.4 | If they were to grow 30% year over year they would double every two years so we'd see a |
| 0:21.9 | doubling three times. |
| 0:23.6 | Ballpark. This is a similar moment because this is I think the largest |
| 0:28.1 | traditional-ish venture round we've ever seen. Oh my gosh, are we seeing real dollars in flight here? |
| 0:34.4 | Especially after coming off the conversation about how there's no DPI. |
| 0:37.4 | It's a little bit dissonant to see the crisis and then also the enormous infusion of cash. I worry but also I love the boldness of it. |
| 0:47.6 | This week in startups is brought to you by notion. Notion combines your notes, docs, and projects into one beautifully designed space with |
| 0:57.8 | AI built right in. Try it for free today at notionion.com slash Twist. Fidelity private shares. Manage your cap table and |
| 1:07.9 | data room, get faster, more accurate for 09A valuation and fully automate your next financing round. |
| 1:15.0 | Visit Fidelity private shares.com. |
| 1:18.0 | mention our podcast and receive 20% off your first year paid subscription. |
| 1:24.0 | And Kite. Looking to get out of the city, rent a car with Kite. |
| 1:30.0 | Kite delivers rental cars to your door. No counter, no lines, no hassle. Download the Kite |
| 1:36.2 | app today and use code Jason to save 10% on your first rental. |
| 1:40.4 | All right everybody welcome to this week in startups. |
| 1:43.5 | I'm Jason. |
| 1:44.5 | He's Alex. |
| 1:45.5 | We're going to talk about a lot of great new stories today, but I wanted to just get right to |
... |
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