This Week in Startups

This Week in Startups is brought to you by…

Squarespace. Turn your idea into a new website! Go to 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.

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 http://northwestregisteredagent.com/twist to get a 60% discount on your next LLC.

LinkedIn Marketing. To redeem a $100 LinkedIn ad credit and launch your first campaign, go to http://linkedin.com/angelpod

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Today's show:

Joshua Berkowitz joins Jason discuss the critical role of LPs in venture capital, his family office's diversification into the field (4:37), strategies for evaluating and selecting fund managers (14:26), and the intricacies of fund management and fundraising (30:41).

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Timestamps:

(0:00) Berkocorp's Joshua Berkowitz joins Jason

(4:37) Why family offices diversify into venture capital - higher returns, high dispersion of returns, and the entrepreneurial aspect

(9:32) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist

(10:59) Evaluating emerging managers - looking for exceptional strategies and execution

(14:26) Decision making processes at venture firms - consensus vs individual decision-making.

(19:56) What a VC fund has to do to be successful

(25:48) Northwest Registered Agent - Get a 60% discount on your next LLC at http://northwestregisteredagent.com/twist

(26:41) Pros and cons of GPs being very vocal/political on social media

(30:41) Quick disqualifications when evaluating new VC funds and challenges with GP "tourism"

(34:59) LinkedIn Marketing - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod

(36:20) What kills companies - "likely winners" vs "definitive winners"

(58:42) Clarity in the process for GPs raising funds from LPs

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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

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Check out: https://www.berkocorp.ca/

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Thanks to our partners:

(9:32) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist

(25:48) Northwest Registered Agent - Get a 60% discount on your next LLC at http://northwestregisteredagent.com/twist

(34:59) LinkedIn Marketing - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod

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Follow at:

X:

https://twitter.com/berkowitz_josh

https://twitter.com/Jason

*

LinkedIn:

https://www.linkedin.com/in/jasoncalacanis

*

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

*

Check out Jason's suite of newsletters: https://substack.com/@calacanis

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

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Subscribe to the Founder University Podcast: https://www.founder.university/podcast

This Week in Startups is brought to you by…

Curotec. Are you one of those companies that knows you need to be using AI, but you're not even sure where to start? Well then you need Curotec. They are AI experts, and they're offering TWiST listeners an AI Strategy Roadmap tailored to your business for $5000. That's 50% off the normal cost just for telling them we sent you. Check out curotec.com/twist and get $5000 off!

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.

Ketone-IQ is a clean energy boost without sugar or caffeine. Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST

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Today's show:

Flexport's Ryan Petersen joins Jason to discuss the economics of "pick and pack" (5:42), factory-to-consumer effects (16:00), the impact of the Red Sea crisis (24:14), Flexport's leadership changes (35:11), and much more!

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Timestamps:

(0:00) Flexport's Ryan Petersen joins Jason

(1:19) Ryan explains Flexport and the companies focus

(5:42) The Economics of Pick and Pack - Shipping Directly from China to Customer

(11:15) Miro - Sign up for a free account at https://miro.com/startups

(12:31) The Origin of Pick and Pack in Global Logistics

(16:00) Factory-to-Consumer Effects on Fulfillment Centers and Product Quality

(22:50) Curotec - Check out http://curotec.com/twist and get $5000 off

(24:14) Analyzing the Impact of the Red Sea Crisis on Shipping

(29:35) The Trend of Companies Sourcing from Factories Outside China

(33:58) Ketone-IQ - Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST

(35:11) Inside the Flexport CEO Drama and Leadership Challenges

(42:28) How the Market Collapse Influenced Flexport's CEO Transition

(47:51) Deciding When a Company Should Go Public

(52:07) The State of the Global Workforce and Remote Work in Today's World

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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

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LINKS:

https://www.freightwaves.com/news/flexport-acquires-shopifys-fulfillment-business

https://customscity.com/from-past-to-present-a-historical-overview-of-section-321-and-its-influence-on-customs-compliance/#:~:text=Section

https://news.usni.org/2024/01/07/indian-navy-retakes-merchant-ship-from-armed-hijackers-in-the-arabian-sea

https://www.oberlo.com/blog/what-is-epacket-delivery

https://www.neom.com/en-us/about/business?gclid=CjwKCAiA-vOsBhAAEiwAIWR0TWI18Hs6lr63ifzYvlOoQMChQJQ9Dqmt4XNzza3SoFSC-_16kQtvCxoCikAQAvD_BwE

https://www.youtube.com/watch?v=BubAF7KSs64

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Thanks to our partners:

(11:15) Miro - Sign up for a free account at https://miro.com/startups

(22:50) Curotec - Check out http://curotec.com/twist and get $5000 off

(33:58) Ketone-IQ - Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST

*

Follow at:

X:

https://twitter.com/typesfast

https://twitter.com/Jason

*

LinkedIn:

https://www.linkedin.com/in/jasoncalacanis

*

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

*

Check out Jason's suite of newsletters: https://substack.com/@calacanis

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

*

Subscribe to the Founder University Podcast: https://www.founder.university/podcast

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 https://www.vanta.com/twist

MEV. Tired of the dev shop rollercoaster? Mev is your reliable technical partner, offering a well-established software development process designed to consistently deliver unparalleled value to their clients. Get $30,000 off your first three months at http://www.mev.com/twist

Imagine AI LIVE is an AI conference where you'll learn how to apply AI in YOUR business directly from the people who build and use these tools. It's taking place March 27th and 28th in Las Vegas, and TWiST listeners can get 20% off tickets at http://www.imagineai.live/twist

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Today's show:

Sunny Madra joins Jason to explore CES 2024 highlights including the buzzworthy new device Rabbit R1 (3:57), Elli Q, a new AI companion for the elderly (23:44), the launch of the GPT store (49:22), and more!

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Timestamps:

(0:00) Sunny Madra joins Jason

(2:11) Review of CES, highlighting AI's omnipresence.

(3:57) The new device 'Rabbit' at CES, generating significant buzz!

(10:26) Vanta - Get $1000 off your SOC 2 at https://www.vanta.com/twist

(11:34) Evaluating the Rabbit R1 and purpose-built devices.

(19:42) MEV - Get $30,000 off your first three months at http://www.mev.com/twist

(21:04) The role of AI in integrating services via Large Language Models (LLMs).

(23:44) Sunny demos Elli Q, a new AI companion for the elderly.

(32:03) Imagine AI LIVE - Get 20% off tickets at http://www.imagineai.live/twist

(33:37) Sunny showcases a new smartphone designed for kids.

(49:22) The launch of the GPT store

(43:23) Sunny checks out a GPT called "The Associate" and pitches a fun startup idea.

(45:57) Exploring the brave new world and disruptive ability of the GPT store using All Trails as a case study.

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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

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Check out Definiteive Intelligernce: https://www.definitive.io/about

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LINKS:

Verge Article on CES and AI: https://www.theverge.com/2024/1/13/24035152/ces-generative-ai-hype-robots

Bill Gates / Sam Altman Interview: https://www.youtube.com/watch?v=PkXELH6Y2lM

Rabbit AI**:** https://www.rabbit.tech/

Elli-Q: https://elliq.com

MMGuardian article: https://venturebeat.com/games/mmguardian-debuts-ai-smartphones-for-kids/

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Thanks to our partners:

(10:26) Vanta - Get $1000 off your SOC 2 at https://www.vanta.com/twist

(19:42) MEV - Get $30,000 off your first three months at http://www.mev.com/twist

(32:03) Imagine AI LIVE - Get 20% off tickets at http://www.imagineai.live/twist

*

Follow at:

X:

https://twitter.com/sundeep

https://twitter.com/Jason

LinkedIn:

https://www.linkedin.com/in/jasoncalacanis

*

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

*

Check out Jason's suite of newsletters: https://substack.com/@calacanis

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

*

Subscribe to the Founder University Podcast: https://www.founder.university/podcast

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 http://www.northwestregisteredagent.com/twist to get a 60% discount on your next LLC.

DevSquad. Most dev agencies only offer developers. Why? Because product management is hard. Get an entire product team for the cost of one US developer plus 10% off at http://www.devsquad.com/twist

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

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Today's show:

Michael Kim joins David Weisburd and Jason Calacanis to discuss LP doubts around GPs marking startups (2:43), LP portfolio construction (13:44), secondary strategies (19:57), Keith Rabois returning to Khosla Ventures (35:15), and more!

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Timestamps:

(0:00) David Weisburd hosts Michael Kim and Jason Calacanis to dive into the world of VCs, LPs and GPs

(2:43) Exploring the doubts LPs may have about how VCs are marking startups

(7:51) Jason's strategy as an LP in funds and the search for a universal gold standard in LP benchmarks

(10:14) Why LPs might be incentivized to allow markups from GPs

(12:49) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist

(13:44) LP portfolio management best practices

(19:57) Evaluating different GP strategies for secondary deals

(24:37) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://www.devsquad.com/twist

(25:44 ) Comparing "idealistic" and "pragmatic" fund manager archetypes. what the right number is for a founder to sell in secondary

(33:39) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist

(35:15) Breaking down Keith Rabois leaving Founders Fund to return to Khosla Ventures

(44:52) Addressing the challenges and responsibilities of starting a new firm

(48:08) Bill Ackman's crusades, how LPs look at backing outspoken GPs

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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

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Check out:

Cendana Capital: https://www.cendanacapital.com/

10X Capital: https://www.10xcapital.com/

*

Thanks to our partners:

(12:49) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist

(24:37) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://www.devsquad.com/twist

(33:39) OpenPhone - Get 20% off your first six months at http://www.openphone.com/twist

*

X:

https://twitter.com/MKRocks

https://twitter.com/DWeisburd

https://twitter.com/Jason

LinkedIn:

https://www.linkedin.com/in/jasoncalacanis

*

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

*

Check out Jason's suite of newsletters: https://substack.com/@calacanis

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

*

Subscribe to the Founder University Podcast: https://www.founder.university/podcast

This Week in Startups is brought to you by…

Gusto is easy online payroll, benefits, and HR built for modern small businesses. Get three months free when you run your first payroll at http://www.Gusto.com/twist

*Gusto pricing shown in ad is based on pricing prior to March 2025

The Paintbrush Loan is the earliest startup financing on the internet. No pitch deck, no business plan, no minimum time in business, and no warm intros. Plus, you get to keep your equity. Visit http://www.getpaintbrush.com to see if you qualify for a $50K startup loan in less than 2 minutes.

Squarespace. Turn your idea into a new website! Go to https://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.

*

Today's show:

Dara Khosrowshahi joins Bill Gurley, Brad Gerstner, and Jason Calacanis to discuss his initial reservations about joining Uber and how he overcame them (14:57), the early magic of Uber that captivated investors (22:36), a deep dive into Uber's future plans (45:50), and much more!

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Timestamps:

(0:00) Dara Khosrowshahi joins Bill Gurley, Brad Gerstner, & Jason Calacanis to discuss all things Uber

(2:41) Setting the stage for Uber entering 2024

(4:52) Untold parts of Uber's story

(09:38) Gusto - Get three months free when you run your first payroll at http://www.Gusto.com/twist

(11:38) Bill Gurley discusses Dara's selection as CEO

(14:57) Dara's initial reservations about joining Uber and how he overcame them

(20:57) Dara's discomfort in the free-money environment of ZIRP

(21:43) Paintbrush - Visit http://www.getpaintbrush.com to see if you qualify for a $50K startup loan in less than 2 minutes

(22:36) Exploring the early magic of Uber that captivated investors

(26:27) How valuations impact founder mindset

(30:49) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/twist

(32:17) Discussing the relevance of secondaries in the near future

(35:02) Breaking down some Uber myths and Dara's focus on drivers

(45:50) A deep dive into Uber's future plans

(51:31) Uber's strategy with upselling as AI enters the conversation

(58:04) Bill Gurley on joining Zillow's board and how innovation is needed in the real estate industry

(1:05:27) Brad Gerstner on markets

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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

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Check out Uber: https://www.uber.com

*

LINKS:

Silicon Valley clip referenced:

https://twitter.com/StephNass/status/1745132141652877788

*

Thanks to our partners:

(09:38) Gusto - Get three months free when you run your first payroll at http://www.Gusto.com/twist

*Gusto pricing shown in ad is based on pricing prior to March 2025

(21:43) Paintbrush - Visit http://www.getpaintbrush.com to see if you qualify for a $50K startup loan in less than 2 minutes

(30:49) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/twist

*

X:

https://twitter.com/Jason

https://twitter.com/dkhos

https://twitter.com/altcap

https://twitter.com/bgurley

LinkedIn:

https://www.linkedin.com/in/jasoncalacanis

*

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

*

Check out Jason's suite of newsletters: https://substack.com/@calacanis

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

*

Subscribe to the Founder University Podcast: https://www.founder.university/podcast

This Week in Startups is brought to you by…

Scalable Path. Want to speed up your product development without breaking the bank? Since 2010, Scalable Path has helped over 300 companies hire deeply vetted engineers in their time zone. Visit http://www.scalablepath.com/twist to get 20% off your first month.

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 http://www.northwestregisteredagent.com/twist to get a 60% discount on your next LLC.

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

*

Today's show:

Jon Miller, CEO and Founder of halcyon joins Jason to discuss how ransomware attackers get away with it and stay anonymous (6:12), hacker markets, bounties, tools, and AI's role (16:20), proactive measures for startups to safeguard themselves (34:42), and more!

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Timestamps:

(0:00) Jon from Halcyon joins host Jason.

(2:52) Delving into the renaissance of ransomware.

(6:12) How ransomware attackers get away with it and stay anonymous.

(8:27) Strategies for counteraction and policy implications.

(10:10) Scalable Path - Get 20% off your first month at http://www.scalablepath.com/twist

(11:31) 2023 ransomware attacks on MGM and Caesar's in Las Vegas.

(13:52) Halcyon's endpoint agent: a solution to thwart threats.

(16:20) Exploring hacker markets, bounties, tools, and AI's role.

(19:57) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist

(21:55) The effectiveness of multi-factor authentication and strong passwords.

(22:49) Comparing financial vs. espionage attacks and the Colonial Pipeline event.

(29:26) The escalating danger for companies and the Uber cyber attack.

(31:27) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist

(32:35) AI and quantum computing: new frontiers for hackers.

(34:42) Proactive measures for startups to safeguard themselves.

(37:08) Growing hacker sophistication in places like China, North Korea and Iran.

(41:00) How the USA ranks in the world with cybersecurity and computer hacking.

(43:41) Your privacy is an illusion and a look at the information available on TikTok.

(48:01) The biggest threat that keeps Jon up at night.

(50:36) American Power Grid Vulnerabilities and ways to be prepared.

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Check out halcyon: https://www.halcyon.ai

*

Thanks to our partners:

(10:10) Scalable Path - Get 20% off your first month at http://www.scalablepath.com/twist

(19:57) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist

(31:27) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist

*

Follow Jon:

X: https://twitter.com/HalcyonAi

LinkedIn: https://www.linkedin.com/in/jonmillerhalcyon

*

Follow Jason:

X: https://twitter.com/jason

Instagram: https://www.instagram.com/jason

LinkedIn: https://www.linkedin.com/in/jasoncalacanis

*

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

*

Check out Jason's suite of newsletters: https://substack.com/@calacanis

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

*

Subscribe to the Founder University Podcast: https://www.founder.university/podcast

This Week in Startups is brought to you by…

Nuts.com is offering new customers a free gift with purchase and free shipping on orders of $29 or more at http://www.Nuts.com/twist

Ketone-IQ is a clean energy boost without sugar or caffeine. Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST

Coda is the all-in-one doc for teams. And they introduced an AI-powered assistant to take the BUSY out of the WORK! Get started for free at coda.io/twist!

*

Today's show:

Sunny Madra joins Jason to demo an AI-driven room decorator (9:24), a website that uses AI to design and deliver clothing from concept to completion (26:57), and more!

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Timestamps:

(0:00) Sunny Madra joins Jason

(1:37) Jason and Sunny discuss http://podcastai.com

(7:54) Nuts.com - Get a free gift with purchase and free shipping on orders of $29 or more at http://www.Nuts.com/twist

(9:24) Demo 1: Roomreinvented - Submit a photo of your room and specify your desired decor or choose from presets

(19:41) Ketone-IQ - Get 30% off your first subscription order of Ketone-IQ at http://hvmn.com/TWIST

(20:54) Demo 2: FaceID Plus - Upgrade stock photos with enhanced features

(26:57) Demo 3: Pixite - Create clothing designs using generative AI, then purchase them

(31:38) Coda - Get started for free at https://coda.io/twist

(33:04) Demo 4: SDXL Turbo (Stable Diffusion Clipdrop) - Realtime image generation

(40:14) Demo 5: Storia Lab - AI-assisted image editing

(46:10) Final Demos: Open Motion Lab and DreaMoving

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LINKS:

https://melengo.com/showroom

https://www.semrush.com/website/youtube.com/overview/

https://www.roomreinvented.com/

https://huggingface.co/spaces/multimodalart/Ip-Adapter-FaceID

https://pixite.ai/

https://clipdrop.co/stable-diffusion-turbo

https://lab.storia.ai/

https://huggingface.co/spaces/OpenMotionLab/MotionGPT

https://huggingface.co/spaces/jiayong/Dreamoving

http://clipdrop.co/

*

Follow Sunny

X: https://twitter.com/sundeep

Check out: https://www.definitive.io/

*

Follow Jason:

X: https://twitter.com/jason

Instagram: https://www.instagram.com/jason

LinkedIn: https://www.linkedin.com/in/jasoncalacanis

*

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

*

Check out Jason's suite of newsletters: https://substack.com/@calacanis

*

Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

*

Subscribe to the Founder University Podcast: https://www.founder.university/podcast

This Week in Startups is brought to you by…

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 openphone.com/twist

DevSquad. Most dev agencies only offer developers. Why? Because product management is hard. Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist.

Squarespace. Turn your idea into a new website! Go to 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.

*

Today's show:

Bill Gurley, Brad Gerstner, and Jason Calacanis join David Weisburd to discuss the market downturn's impact on startups, including shutdowns and shifting investment strategies (1:29). They also debate the AI boom (54:50), chatbots' future potential and hype (1:01:11), and which tech giants may perform best or worst in 2024 (1:20:32).

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Timestamps:

(0:00) David Weisburd hosts Bill Gurley, Brad Gerstner, & Jason Calacanis to discuss the state of tech markets

(1:29) Startup shutdowns in 2023 vs dotcom crash

(3:52) Perspective on current market from Bill Gurley

(7:52) Brad's outlook on startup shutdowns continuing in 2024

(11:48) OpenPhone - Get 20% off your first six months at https://openphone.com/twist

(13:16) Different investor perspectives based on investment stage

(16:47) Altimeter's recent investing activity

(25:32) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist

(26:30) Reflecting on past IPOs and paths to building businesses for growth

(36:40) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist

(38:07) State of Series B/C deals in 2023 vs 2021 peak

(42:42) Why now is a great time to start a company

(47:17) Jason's theories for success in venture

(49:42) Abundance of technical talent in Silicon Valley and impact of AI on company size and competition

(54:50) AI investments in 2024

(1:01:11) Launguage models raising large rounds quickly and the potential for LLMs to hit a ceiling soon

(1:05:18) The best case for Meta being a leader in AI and Apple's position

(1:08:55) Importance of voice recognition for AI interfaces, challenges of enabling transactions via AI, and consumers choosing services via AI

(1:20:32) Picks for best and worst performing tech giants in 2024

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LINKS:

Unicorn Investors article: https://news.crunchbase.com/venture/top-unicorn-investors-eoy-2023/

Bill Gurley's Above the Crowd article: https://abovethecrowd.com/2011/05/24/all-revenue-is-not-created-equal-the-keys-to-the-10x-revenue-club/

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Follow David

X: https://twitter.com/DWeisburd

David's Podcast: https://limitedpartnerpodcast.com/

*

Follow Brad

X: https://twitter.com/altcap

*

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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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This Week in Startups is brought to you by…

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Today's show:

Cecilia joins Jason for an in-depth discussion about the New York Times versus OpenAI case, delving into the intricacies of fair use and analyzing the Fair Use Test (6:07), examining the legal complexities surrounding data scraping for Large Language Models (28:21), exploring possible ramifications of this legal confrontation between these titans (40:06), and more!

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Timestamps:

(0:00) Cecilia Joins Jason

(2:44) Cecilia's Background in Law

(3:44) Jumping into the case of NY Times vs OpenAI.

(6:07) Exploring Fair Use legal tests

(11:57) MEV - Get $30,000 off your first three months at http://www.mev.com/twist

(13:50) The case of Roy Orbison vs Two Live Crew and the music industry's rules on fair use.

(19:04) Picking apart the defense of attribution.

(22:22) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist

(24:43) Fair Use Test: Factors two and three

(28:21) Legal challenges in data scraping for LLMs

(32:40) Paintbrush - Visit http://www.getpaintbrush.com to see if you qualify for a $50K startup loan in less than 2 minutes

(34:19) The fourth and final factor in the Fair Use Test.

(40:06) Potential outcomes of NY Times vs OpenAI case

(47:04) Google vs Java and legal discussions on digital platforms

(51:49) Jason shares a possible solution to this case and how the subscription wall could change things.

(57:54) Cecilia's Grinch images on X

(1:02:22) Legal viewpoint regarding commercial vs non-commercial use.

(1:04:14) Summarizing where all this is going with the NY Times and OpenAI trial.

(1:12:18) Reviewing the market-based solution to this case.

* Check out GC AI: https://getgc.ai

Website: ceciliaziniti.com

Check out Ziniti Law: ⁠https://www.zinitilaw.com/

Check out Cecilia's Maven Course here: https://maven.com/ceciliaz

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Thanks to our partners:

(11:57) MEV - Get $30,000 off your first three months at http://www.mev.com/twist

(22:22) Northwest Registered Agent - Get a 60% discount on your next LLC athttp://www.northwestregisteredagent.com/twist

(32:40) Paintbrush - Visit http://www.getpaintbrush.com to see if you qualify for a $50K startup loan in less than 2 minutes

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Follow Cecilia

X: https://twitter.com/CeciliaZin

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Follow Jason:

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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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Today's show:

Jason and Sunny make a bunch of predictions and bet $1000 on each for the upcoming year in AI.

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Timestamps:

(0:00) Sunny Madra joins Jason to make some 2024 AI bets

(4:46) Bet 1: There will be a top 100 song created by AI

(10:22) Power dynamics in the music industry and its intersection with AI

(13:01) Miro - Sign up for a free account at https://miro.com/startups

(14:34) Bet 2: AI will be capable of replicating Jason doing a TWiST Segment without listeners noticing

(18:51) Bet 3: There will be an AI-generated Pixar short that has made it into mainstream

(27:46) NetSuite - Download your free KPI Checklist at http://netsuite.com/twist

(29:06) Bets 4 and 5: We see a small model deployed locally on an iPhone/Android

(39:31) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist

(49:34) Bet 6: A multimodal model will be #1 by usage, AND open-source multimodal will beat out closed models

(52:00) LLaVA: Large Language and Vision Assistant

(58:04) The potential implications of the New York Times lawsuit

(1:10:01) OpenAI's financial success, copyright lawsuits, and the potential of Disney and the New York Times in AI

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LINKS:

Midjourney: https://www.tiktok.com/@controllaxyz/video/7319184981987839263?_r=1&_t=8igobwQ1dzq

AI Drake: https://www.youtube.com/watch?v=NhVuQ06tO3M

AI Spongebob: https://twitter.com/Teridax/status/1741205766046888149

AI Pixar: https://twitter.com/eyishazyer/status/1741418522448986492

TinyLlama: https://huggingface.co/TinyLlama/TinyLlama-1.1B-Chat-v1.0

Llava: https://llava-vl.github.io/

Suno AI: https://www.suno.ai/

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Follow Sunny

X: https://twitter.com/sundeep Check out Definitive Intelligence: https://www.definitive.io/

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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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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

*

Check out Jason's suite of newsletters: https://substack.com/@calacanis

*

Follow TWiST:

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YouTube: https://www.youtube.com/thisweekin

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Subscribe to the Founder University Podcast: https://www.founder.university/podcast