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!

*

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

*

Mentioned on show:

https://motherduck.com

https://arbitrum.io

https://www.omni.co

https://www.podengine.ai

https://www.getrecall.ai

https://newcomergames.com

*

Follow David Clark:

X: https://twitter.com/daveclark85

LinkedIn: https://www.linkedin.com/in/david-clark-6678b6b/

Check out VenCap: https://www.vencap.com/

*

Follow Tomasz Tunguz:

X: https://twitter.com/ttunguz

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

Check out Theory Ventures: https://theory.ventures

*

Follow Jason:

X: https://twitter.com/Jason

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

*

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

*

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

*

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

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

TikTok: https://www.tiktok.com/@thisweekinstartups

*

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