Tomasz Tunguz and David Clark on how to invest in AI and Q1 2024 startup valuations | E1930
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 12 April 2024
⏱️ 76 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
Squarespace. Turn your idea into a new website! Go to http://www.Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.
OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at http://www.openphone.com/twist
CLA. Innovation takes balance. CLA's CPAs, consultants, and wealth advisors can help you get from startup to where you want to end up. Get started now at CLAconnect.com/tech
Todays show:
David Weisburd hosts David Clark, Tomasz Tunguz, and Jason Calacanis to discuss the new YC class (1:59), startup valuations (19:34), the investment landscape (30:17), and more!
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Timestamps:
(00:00) David Weisburd intros David Clark, Tomasz Tunguz, and Jason Calacanis
(1:59) The latest YC class and rise of AI startups
(9:36) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST
(10:55) Role of the founding team in AI startups
(19:34) Startup valuations and the changing landscape of seed deals and Series A rounds
(29:01) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist
(30:17) Tomasz Tunguz’s journey to raising his fund and the challenges of the VC industry
(37:32) Personality types in venture capital and handling company wind downs
(39:20) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech
(40:52) VC’s moving out and the challenge of picking the right company to invest in
(59:27) Active reserves management
(1:09:00) Lightning round: Top 3 investments
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Mentioned on show:
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Follow David Clark:
X: https://twitter.com/daveclark85
LinkedIn: https://www.linkedin.com/in/david-clark-6678b6b/
Check out VenCap: https://www.vencap.com/
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Follow Tomasz Tunguz:
X: https://twitter.com/ttunguz
LinkedIn: https://www.linkedin.com/in/tomasztunguz
Check out Theory Ventures: https://theory.ventures
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Follow Jason:
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
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Thank you to our partners:
(9:36) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST
(29:01) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist
(39:20) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech
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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 | I was watching Gary Vanner Chuck, Gary V. |
| 0:02.8 | And he said every now and then he opens up his email from Brian Chesky at Air B&B |
| 0:09.1 | and just stares at the fact that he didn't even reply and he just stares at it and when I introduced |
| 0:15.2 | 21 people to Uber I remember Mark Suster was in the room and he didn't he couldn't get there |
| 0:19.6 | and he missed the investment and to this day Mark and I earned a couple deals together. |
| 0:24.0 | He just shakes his head sometimes. |
| 0:26.0 | Oh man, how did I miss it? |
| 0:28.0 | This is a four and a half million dollar round of Uber he missed. |
| 0:31.0 | This week in startups is brought to you by |
| 0:34.8 | Square Space. Turn your idea into a new website. Go to |
| 0:39.7 | Square Space.com slash Twist for a free trial. |
| 0:44.0 | When you're ready to launch, use offer code Twist |
| 0:47.1 | to save 10% off your first purchase of a website or domain. |
| 0:52.4 | Open phone.. Open phone. |
| 0:53.0 | Create business phone numbers for you and your team that work through an app on your smartphone or |
| 0:58.5 | desktop. |
| 1:00.4 | Twist listeners can get an extra 20% off any plan for your first six months at openphone.com slash twist. |
| 1:08.8 | And CLA Innovation Takes Balance. CLA. Innovation takes balance. |
| 1:14.0 | CLAs, CPA's, consultants, and wealth advisors can help you get from startup to where you want to end up. |
| 1:22.1 | Get started now at |
| 1:23.4 | CLA Connect.com slash tech. |
| 1:26.7 | Welcome back to this week's liquidity podcast. With me today I have David Clark from |
... |
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