That Was The Week

Contents Editorial:  Essays of the Week The modern data stack was never big enough Revisiting The Death of a Venture Fund Calpers' $4.5 Billion Venture Bet Global Venture Funding In November Slows At Early Stage The Fintech Sector Trotted The Most New Unicorns Onto Our Board In November From Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money Video of the Week The Where, When, and How of AI AI of the Week Learn more about Gemini, our most capable AI model Google's Gemini Marketing Trick Nope, the Turing Test has not been solved The EU has reached a historic regulatory agreement over AI development X begins rolling out Grok, its ‘rebellious' chatbot, to subscribers Apple releases Apple Silicon-optimized MLX machine learning framework News Of the Week Everything you know about the podcast industry is a lie Google launches migration tool ahead of Google Podcasts' 2024 shutdown Carta: Startup Shutdowns Are Up 237% Pilot: 57% of Venture Startups Will Need to Raise More In 2024 The FTC is reportedly looking into Microsoft's $13 billion OpenAI investment Amazon asks court to dismiss FTC lawsuit that accuses it of ‘monopolistic practices' Startup of the Week Animate Anyone X of the Week In case you don't believe anti-semitism is real --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

It's Thanksgiving here in Palo Alto, and I should thank all the writers and producers whose work I read each week for the stimulation and provocation they provide. In case you do not all realize it, you are appreciated. I always try to call out the creators of the content I curate at the top of That Was The Week, and I will continue to do so. Many appear every week. Let us start with Brian Chesky, of AirBnB fame, this week. His X post is apt and to the point. I called this week's newsletter A Tale of Two Weeks. Friends kindly noted that it has only been one week. It felt like two, and to Brian Chesky's point, we learned a lot. EA and e /acc are now part of everyday conversation in tech circles. And we are starting to understand that ideology (or philosophy) plays a significant role in strategy. People are forced to take sides. Last week, the EA (effective altruism) camp looked in the ascendancy. But this week, over 700 OpenAI employees sided with Sam Altman and Greg Brockman, resulting in their return to lead the company. The e/acc camp won. And that leads many advocates of effective altruism to question its relevance to startups. There are also some new acronyms or labels to learn. Marc Andreessen is reposting @beffjezos on X, mentioning Decels. --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

It's a day late for That Was The Week. In mitigation, what a day it was, with the firing of Sam Altman at OpenAI, and the demotion, then resignation of Greg Brockman, Jakub Pachocki, the company's director of research; Aleksander Madry, head of a team evaluating potential risks from AI, and Szymon Sidor, a seven-year researcher at the startup. The dust is beginning to settle, and my best interpretation of the events comes from these x posts by Kara Swisher and Elad Gil, focused on effective altruism (e /a) and the e /acc belief in unfettered AI. --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

It's Thursday evening, and I have had a busy day in a busy week, and I am not feeling the urge for grandiosity. But OpenAI and its CEO Sam Altman did announce some world-changing technologies this week. The article by Ben Thompson from Stratechery below lists them. Still, a list does not do justice to how much thinking decision-making, and execution OpenAI has accomplished in a short period. The heart of the announcements is a newly scalable architecture that allows anybody to have their own “GPT”. Developers will be able to build both enterprise and consumer GPT applications, often with no code required. Want the world's best chef and recipe source? Build it. Want an excellent tool for fixing a car? No problem. Want the world's best physics teacher for 10th Grade… done. And so on. Over the next 12 months, we expect to see an explosion of use cases for almost any human endeavor. More interesting is that user interfaces will change dramatically. Form filling, browsing, searching, learning, creating, researching, building, and more will be done simply by interacting with an AI. Productivity is about to explode. And investments, too. Packy McCormick leads this week's Essays of the Week with ‘Tech is Going to Get Much Bigger'. And he means in value and scope. The idea that the world's biggest company is worth a single-digit $ trillion will be history quickly. When Kyle Harrison, in another essay of the week - Surviving the Death of Venture Capital - says: So if you want to survive in the ever-changing world of funding innovation, there are a lot of things you can do. But one thing is for sure: the only thing that is certain? Change. Get used to it. He could have been writing about OpenAIs developer day announcements. There are many excellent pieces of writing in this week's edition. The impressive interview with Charlie Munger explains why venture capitalists screw their customers. The videos with Satya Nadella and Lina Khan are great for Sunday listening or viewing. Warner Media CEO Jason Kilar on why Netflix has the upper hand in streaming and what it will take to compete is compelling also (hat tip to Steve Gillmor). Enjoy. --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Ethics matter. And using them in times of stress matters, too. SBF lost the plot in his defense this week, seeking to blame his lack of attention to detail and his colleagues for the failings at FTX and Alameida. There was a lack of ethics in his decisions and a further lack of ethics in his trial strategy. I have no idea how contrived the entire set of episodes was at FTX, but blaming colleagues seems both a low shot and a long shot simultaneously. It would have been better to tell the truth - I crossed lines due to a frothy market. I thought it would be fine. The market tanked, I panicked and then crossed more lines trying to keep the ship afloat. When I failed, I tried to cover for my mistakes. At least the jury would have heard some honesty and contrition. So, the trial is over, and SBF is guilty. Justice will be done. Given all the evidence, it seems to be the right decision. But this week, AI was also put on trial. Both the Whitehouse and 10 Downing Street held meetings that produced statements and documents. The competition to be the leader who rails in AI seems pervasive across many governments. The full Whitehouse press briefing is below, as is the gist of the UK meeting. The two most interesting responses are Elon Musk's statement that jobs will become unnecessary (he's right) and Steven Sinovsky's thoughtful essay on why AI regulation is premature. The AI section is lengthy this week; Michael Parekh explains why Google is investing $2bn in Anthropic, and Dan Shipper shows why the Apple Journal app has nothing on ChatGPT as a Journal co-pilot. There are four pieces on AI's use in Venture Capital, focusing on EQT and SignalFire (not to be confused with SignalRank). And Andre Retterath of Data-Driven VC writes about the correlation between alumni networks and who gets funded (ominous). Enjoy. --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Charles Hudson and Manu Kumar are two of the best early-stage investors in the world. This week, they both penned meaningful essays declaring that the fundamentals of early-stage investing have changed, possibly permanently. Charles states: For the past 18 months, the Series A market has been very quiet. Outside of AI-related investments, it feels like deal volume is off 75%. The Series A investors I know don't feel any pressure to make investments and don't really seem that excited or interested in much these days. Unfortunately for seed-stage companies, the Series A market can remain on strike longer than most seed-stage companies can remain solvent. He predicts a significant dip in the number of seed-stage companies doing a Series A, a drop in Series As, and fewer extensions or bridge rounds. Manu Kumar of K9 Capital extends the theme and suggests only companies building real businesses with real customers and revenue will survive. He implores companies to understand the following: Early stage venture, particularly Pre-Seed and Seed stage venture, is a different game today than it used to be 10 years ago. LPs and GPs should be aware of this dynamic as they make investment decisions. This follows from Sam Lessin's theme a couple of weeks ago, declaring that the era of larger checks coming in at later rounds is now over. At Signalrank, we have always distinguished between organic unicorns, built over many years from the seed stage, and artificial unicorns created by a single large check in an early round. Organic is always best and can survive downturns. In this week's video of the week, Jaimie Rhode doubles down on the theme, explaining that in venture capital, only power-law companies matter. Those companies grow to valuations, enabling an entire fund to be returned or more. The venture capital industry relies on the few power law winners returning invested capital. In the heady days of 2019-2022, it was possible for a power-law company to emerge fast due to a single round of financing. And then quickly go on to do two or three more rounds within a year or two. Charles and Manu correctly point out that this is unlikely, except perhaps in AI. A power law winner will have to be built organically. The implication is that early-stage investing will need to become once again deliberate and patient. I use the word capitulation (with a question mark) in the title, but this is just a recognition of reality. Capitulation to reality is a good thing. So, no, it is not a capitulation. But it begs the question, can venture capital support wealth creation if it is really a lottery for a power law winner? Is there a way to benefit from the growth in venture-backed companies without needing to play the lottery of picking individual companies? --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Marc Andreessen, Sam Altman and Geoffrey Hinton To quote Oscar Wilde:A map of the world that does not include Utopia is not worth even glancing at, for it leaves out the one country at which Humanity is always landing. And when Humanity lands there, it looks out, and, seeing a better country, sets sail. Progress is the realisation of Utopias. Now, I have said that the community by means of organisation of machinery will supply the useful things, and that the beautiful things will be made by the individual. This is not merely necessary, but it is the only possible way by which we can get either the one or the other. --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

This was a week when it was almost impossible to escape politics, particularly world politics. The barbaric, medieval images coming out of Israel on Shabbat Saturday morning, at the start of the Jewish New Year, were both sickening and, at the same time, sadly, not surprising. This was in a week where my media consumption included the interview Graham Alison did at the All In Summit and a similar couple with Ray Dalio and Larry Summers. All three focus on the current and future world order. The interview with Alison is this week's Video of the Week. So, it is time for me to stand back and ask some big questions. It is also time to begin to try and answer them. It all starts with Graham Alison's book “Destined For War” and Ray Dalio's essay this week - “Another Step Toward International War.” These are two super-intelligent big thinkers focusing on the coming end of US global supremacy, leading to a possible or even likely global conflict. Then there is Noah Smith's “You're not going to like what comes after Pax Americana,” one of this week's Essay of the Week. --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Another week when there are many talking points. The Q3 Venture Capital data is out, and both Gene Teare at Crunchbase and Peter Walker at Carta have significant insights this week. In an essay of the week, Kyle Harrison takes a stand back and examines the entire venture value chain - as we have discussed a lot in prior weeks. It is a great effort by Kyle and a very good read, Also, Sam Bankman Fried is not in front of a Jury. Only two days in, the prosecution is mounting a strong effort to undermine his ethical stance, with his former CTO saying he was asked to write code enabling Alameda, SBF's hedge fund, to take unlimited loads from FTX. It is not yet clear if this is criminal. I will wait for the defense case and consider it. But these two days have been difficult for SBF.Meta is announcing Quest 3, which resembles Apple's forthcoming approach (see through the mask into the room). Meta also announced the next version of its VR glasses with Ray-Ban. These look promising, to be honest. I might even pony up for a pair (prescription lenses too). But for me, the story of the week is still AI. Open AI announced DALL_E 3 and that it will be included in ChatGPT. ChatGPT is also getting visual acuity - interpreting images and drawings. I have even seen demos of it writing code from paper sketches to make websites. Audio input and output are also now live in the mobile app. Rex Woodbury writes an over-arching piece comparing the mobile revolution to AI. He concludes that AI will be far more significant than the already mighty impact of mobile. --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

I had promised there would be no That Was The Week this week, and Andrew decided we needed to record a show. Topics focus on the Bankman Fried trial, Amazon being accused of anti-trust, the Google trial, and developments with OpenAI --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial: Billions: The Venture Asset Class Essays of the Week Innovation Searching for a Breakup The Trouble With Walter: In His Elon Musk Tome, the Writer Shows Us the Perils of Access Journalism AI Regulation Venture Capitalists Will Overpay For Seed Rounds But For Reasons You Likely Haven't Considered Venture returns vs. public markets : What the data says Unicorn Market Cap 2023: Rise of AI Video of the Week Bill Gurley on Regulation, the State and Tech AI of the Week 4 Key Takeaways from the AI Panel at Saastr 2023 OpenAI Hustles to Beat Google to Launch ‘Multimodal' LLM How Google taught AI to doubt itself Writer nets $100M for its enterprise-focused generative AI platform Boston Consulting Group (BCG) testing the impact of Generative AI on its consultants News Of the Week Elon Musk says X will charge users ‘a small monthly payment' to use its service Silicon Valley is still king.  Unicorns Are Thawing Out IPO Plans Sequoia and Andreessen to take a huge hit on their 2021 Instacart investment, after a 75% plunge in valuation Today The UK Parliament Undermined The Privacy, Security, And Freedom Of All Internet Users  Getty Specifically Calls Out Adobe Firefly in Its Latest Rejection of AI Startup of the Week Allocate raises $10 million to open top VC doors to wealth advisers X of the Week What it feels like to build a startup --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial: Why Think Global? China, Chips and Airplanes Essays of the Week The next phase of globalization is going to be awesome It's Never Been More Important to Understand Your Capital Provider's Business Model Apple's $60 iCloud Service Is the Future of Apple Huawei's Breakthrough: The Strategic Implications A Look at the IPO Market As Investors Hope for Strong Instacart, Arm & Klaviyo Offerings Arm and a Leg: Arm's Quest To Extract Their True Value The Top 10 Mistakes Founders Make After $10m ARR Video of the Week Walter Isaacson on Elon Musk AI of the Week Life in a Kingdom of Dangerous Magic Elon Musk, Mark Zuckerberg, Bill Gates and other tech leaders in closed Senate session about AI Nvidia's Been Busy — Real Busy News Of the Week Cendana Capital closes on $470M more to back seed-stage fund managers Seed Market Evolution During A Downturn Haystack VII Google accused of spending billions to block rivals as landmark trial continues The big French fire sale: record numbers of startups are selling at big discounts China's C919 aircraft model begins demonstration flights across Xinjiang Startup of the Week SCOOP: MotherDuck Raising $50M in Felicis-Led Round, Valuing Startup at $350M X of the Week Michael Kim, Cendana --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial:  Essays of the Week Least Bad (De-Dollarization?) Only About 10% of VCs Make Money Searching for Unicorn Funds - A Look at Fund DPI Venture Firms Hang the ‘For Sale' Sign on Portfolios How to Win in Venture Capital: Focus on the Fat Tails What Makes a Good SaaS Company? The Best Founders are over 50 Years Old Meet the YC Summer 2023 Batch Garry Tan AI and the New Digital Cold War Video of the Week Andrew Keen and Ludwig Ensthaler on AI Fareed Zakharia on AI AI of the Week What OpenAI Really Wants - Steven Levy 6 Examples of Doman-Specific Large Language Models What We Can Learn From AI Startups in Y Combinator's Latest Batch Apple Spending Millions of Dollars a Day on Conversational AI News Of the Week European Venture Funding Halved In Q2 2023 As Late-Stage Investors Dialed Back The End of Airbnb in New York Spotify's $1 Billion Podcast Bet Turns Into a Serial Drama UK pulls back from clash with Big Tech over private messaging Apple Signs New Deal With Arm to License Chip Designs Beyond 2040 Startup of the Week ‘He Doesn't Need VC in His Life': How Midjourney's Founder Built an AI Winner While Rejecting Venture Capital X of the Week Apple --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial: Hit Job Essays of the Week VC Returns - The Power Law Down Rounds Are a Nothing Burger? VCs are just middlemen. Realizing Non-Winners Early Drives IRRs Secrecy Harms Startups Fund of funds: why to invest and, more importantly, why not As Venture Market Slows, Fewer Early-Round Unicorns Being Minted Rest - The case for sabbaticals Why Do Investors Care So Much About LTV:CAC? AI of the Week Generative AI applications: an investing framework Early days of AI (and AI Hype Cycle) Meta Releases ‘Code Llama' Generative AI Model to Assist in Code Creation News Of the Week New SEC Rules Could Hurt VC's Newcomers Hugging Face Hits $4B Valuation After Salesforce Ventures-Led Round SoftBank's Arm IPO Win Won't Make Up for What It Missed Out On Startup World Looks On As Arm And Instacart Set To Test Waters Of IPO Market Cracking Open the IPO Window The IPO Window Is Open. But Are Founders Ready? The Scam in the Arena - Is Chamath a Scammer? New Features For LinkedIn Newsletters Nvidia's Rocket-Ship Year Startup of the Week Pact VC X of the Week --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial:  Essays of the Week Institutionalized Belief In The Greater Fool New Unicorn Creation Has Dwindled From 2 Per Day To 2 Per Month Even a Down Round is Hard to Get Tech Valuations Q2'23 Report Advice to Venture Fund Investors State of pre-seed fundraising: Q2 2023 Venture capital funds are mostly just wasting their time and your money Video of the Week Dave Winer and Andrew Keen on Blogging, Podcasting and More AI of the Week The AI Power Paradox What if Generative AI turned out to be a Dud? Insight Partners Has Invested More Than $4B Into AI. What's Next? Google DeepMind testing ‘personal life coach' AI tool News Of the Week Blackbird Ventures Sells Stake in Canva at $25.5 Billion Valuation Biden administration restricts US investment in tech China's military might employ Startup of the Week MTN, African Fintech X of the Week Emotional Investing is Bad for Your Wealth --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial: Dry Powder? Essays of the Week Dry Powder is not About to be Invested Down Rounds Should Be Led by Entrepreneurs Why Bill Gurley & Josh Wolfe Think VCs Won't Deploy All Their Dry Powder Anytime Soon ‘Tidal Wave' of Down Rounds Hits Startups Global Venture Funding In July Was Second-Lowest This Year As Seed Startups Are Hit Hard   VC Optimism Returning But More Pain Ahead In Their Portfolios AI of the Week OpenAI Shoots To No. 1 Spot On Private Cloud Startup Ranking, Underscoring AI's Sudden Ascendency Generative AI Is Making Companies Even More Thirsty for Your Data Money on Autopilot: The Future of AI x Personal Finance Apple seeks to bolster expertise in generative AI on mobile devices AI Won't Replace Humans — But Humans With AI Will Replace Humans Without AI Cloudflare as a Leader in AI? + Q2 Results News Of the Week Yaccarino Says Advertisers are Coming Back to X in First Major Interview as CEO Five months ago Crunchbase vowed to try and avoid layoffs. Since then A.I. has changed everything WeWork's going concern warning is a reminder that VC and low-margin business don't mix Startup of the Week A better internet for readers X of the Week Twitter for Sale by X --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial: Bonfire of the Unicorns Essays of the Week Historical Futurism Venture Capital and the Retail Investor Raising a fund in a downturn Fundraising in Confusing Times Fundraising is Hard - Fund of Fund Fundraising is Harder Unicorns Hobbled Amid VC Pullbacks The Unicorn Fire Sales Ahead Hopin, the struggling virtual conference unicorn, sells events and engagement units to RingCentral Reset & Rethink – Assessing Venture Capital with Gené Teare of Crunchbase Video of the Week LK-99 - Room Temperature Super Conductor AI of the Week SEC Proposes New Conflict of Interest Regime for Predictive Technology Where Will AI Have the Biggest Impact? Healthcare. News Of the Week State of Private Markets: Q2 2023 Early-Stage Venture Capital Investment Down 54% Coatue Raises $331 Million for Early-Stage Fund, 34% Below Target Alphabet Stands Out in a Trio of Unimpressive Earnings Meta Posts Strong Q2 Results as Facebook Crosses 3B Monthly Active Users AngelList expands into private equity with the acquisition of fintech startup Nova Venture Capital Firm Sequoia Cuts Crypto Fund by 66% Volkswagen takes 5% stake in XPeng as part of Chinese EV deal Tuesday Capital, a Silicon Valley firm that moved to Austin during the pandemic, captures $31M for its newest seed-stage fund Startup of the Week LK-99 Tweet of the Week Stripes New CFO --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial:  Essays of the Week Venture Capital — We're Still Not Normal - @CoatsDavid Seed investing can't turn back on - @lessin The Broken Venture Value Chain - @fintechjunkie Here Are The Venture Capital Firms That Are Investing Much Less - @ericnewcomer Indexing Venture and Other Fool's Errands - @jordsnel Manager Selection in Venture Capital - @scotthartley The meeting that showed me the truth about VCs - @tomerdean All-In Podcast on the venture business - @jason, @chamath, @DavidSacks, @Friedberg In Defense of Strategy - @packym The creator economy was already exploding. Then Hollywood went on strike. - @drewharwell, @TaylorLorenz Video of the Week:  Marc Andreessen on Why Elon is Special - @pmarca AI of the Week A Case for Heuristics: Why Simple Solutions Often Win in Data Science - @HollyEmblem OpenAI, Google will watermark AI-generated content to hinder deepfakes, misinfo - @ashleynbelanger Fact Sheet: Biden-⁠Harris Administration Secures Voluntary Commitments from Leading Artificial Intelligence Companies to Manage the Risks Posed by AI - @WhiteHouse News Of the Week Sam Altman's biometrics-based cryptocurrency Worldcoin is now live - @Fauza4IR How Sam Altman's Worldcoin Engineered Its Token Launch - @aidanfitzryan Elon Musk Says the Twitter Brand Will be Retired, Renamed ‘X', Very Soon - @adhutchinson Almost 70% of Israeli startups act to shift funds, relocate due to judicial shakeup - @SharonWrobel1 Startup of the Week:  Cafe Cyberia - @restofworld Tweet of the Week:  Not the X Designer - @anothercohen --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial: Data-First Venture is Coming Essays of the Week The Future of Venture Capital? Insights Into Data-Driven VCs Has persistence persisted in private equity? Evidence from buyout and venture capital funds Why more is less in investing Symposium: The unique uselessness of business advice VCs make mistakes too. And LPs need to be aware of them. How This Ends (Part Three) Video of the Week Producing Charts with AI - Tomasz Tunguz AI of the Week ChatGPT update allows it to remember who you are and what you like Teaching Programming in the Age of ChatGPT The AI craze will implode faster than #Threads (

Contents Editorial: Khan and Gensler Should Be Fired Essays of the Week Threads won't kill Twitter if it's boring Microsoft wins FTC fight to buy Activision Blizzard FTC appeals its loss to Microsoft in Activision Blizzard case XRP Sold on Exchange Declared Not an Investment Contract Ripple's XRP Token Surges 96% After Court Rules XRP Sales Aren't Investment Contracts FTC opens investigation into ChatGPT creator OpenAI Video of the Week Y Combinator - Will OpenAI Kill Startups? AI of the Week Elon Musk launches AI startup and warns of a ‘Terminator future' Elon Musk's xAI Might Be Hallucinating Its Chances Against ChatGPT Bard's latest update: more features, languages and countries Inside Google's big AI shuffle — and how it plans to stay competitive, with Google DeepMind CEO Demis Hassabis OpenAI and Associated Press (AP) announce partnership to train AI on news articles Harvard is using ChatGPT to teach computer science How elite schools like Stanford became fixated on the AI apocalypse Survey Finds AI Interviews Will be Used by 43% of Companies by 2024 News Of the Week Threads Reaches 100 Million Members in Record Time China sets wide-ranging rules for private investment funds worth almost $3 trillion Mercedes will use Tesla's EV charging standard on North American cars Startup of the Week Pulsar Fusion Tweet of the Week Michael Arrington --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial: Data-First Venture is Coming Essays of the Week The Future of Venture Capital? Insights Into Data-Driven VCs Has persistence persisted in private equity? Evidence from buyout and venture capital funds Why more is less in investing Symposium: The unique uselessness of business advice VCs make mistakes too. And LPs need to be aware of them. How This Ends (Part Three) Video of the Week Producing Charts with AI - Tomasz Tunguz AI of the Week ChatGPT update allows it to remember who you are and what you like Teaching Programming in the Age of ChatGPT The AI craze will implode faster than #Threads (

Contents Editorial:  Essays of the Week How to Do Great Work Paul Graham How Analytics Wins - Ergest Xheblati The Modern Data Stack - Muji Twitter and Threads Twitter's Final Boss: Zuckerberg Wages War You can't post ass, Threads is doomed Meta's New Threads App Reaches 30 Million Users in Less Than a Day Twitter threatens to sue Meta over its new Threads app Video of the Week Vinod Khosla - The Trillion $ AI Opportunity AI of the Week AI and the automation of work - Benedict Evans Why Generative AI is such a "Nuclear" Force OpenAI makes GPT-4 generally available Artificial Intelligence firms flock to SF, “AI capital of the world” News Of the Week Nutrition, sleep and mental health advice offered to tech founders at risk of burnout First Cut — State of Private Markets: Q2 2023 VC Exit Value Sags to Lowest Level Since the GFC US venture capital spending drops sharply in 2Q Unicorns face mass extinction as funding plummets Khan Rewrites the Merger Rulebook Startup of the Week SoftBank backs Japanese robotics startup Telexistence in $170M funding round Thread weet of the Week Bluesky, Twitter, Threads and Mastadon as clothing styles --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Content this week from @gideonrachman, @Tabby_Kinder, @KateClarkTweets, @askhalid, @DanKuhn13, @mvpeers, @maskedmanmarc, @BitcoinSVTrain, @IanBremmer, @IKrietzberg, @a16Z, @JagmeetS13, @EllenYChang, @Dexerto, @elonmusk, @finkd Editorial: The Venture Wreckage Essays of the Week Europe has fallen behind America and the gap is growing Silicon Valley VCs rush into defence technology start-ups Antitrust Threat to Figma-Adobe Deal Thwarts Hopes for VC Rebound Spotify's podcast plan is going off the rails FTC'S Amazon Lawsuit Is ‘Silly' If Not Insulting, Analyst Says What the FTC Misses With Amazon Lawsuit In VC Ranking, New & Small Firms Make The Biggest Splash Video of the Week Ian Bremmer's ‘new globalization, a digital global order': Will it work for us, or against us? News Of the Week Molten Ventures still hamstrung by dismal trading backdrop Big Tesla Rival Latest to Partner Up With The EV Leaders Masayoshi Son Ends Seven-Month Silence to Make Case for SoftBank's Future Visualizing BlackRock's Top Equity Holdings Twitter Rolls Out 25k Character Tweets for Twitter Blue Subscribers UK Considers New Law To Label AllL AI-Generated Content Andreessen Horowitz creates ‘Perennial' evergreen fund amid market slowdown Startup of the Week Tesla Supercharger Network: Gas Station for EVs in Future Tweet of the Week Elon Must and Mark Zuckerberg to Stage a Cage Fight --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Content this week from @Om, @Isabellesarraf, @pmarca, @elonmusk, @lexfridman, @jessicalessin, @ajkeen, @nickgrossman, @krishnanrohit, @kyle_l_wiggers, @demishassabis, @levie, @databricks, @@madewithmosaic, @mustafasuleymn, @inflectionAI Contents Editorial: Phew, That Was A Week Essays of the Week Why Apple's Vision Pro Will Change Movie-Watching Spotify's Video-Podcast Surge Linda Yaccarino's vision for Twitter 2.0 emerges ‘Pressures Remain': Coatue Prepares Tech Founders for the Road Ahead Three Reasons to Look Past the 40% Drop in VC Funding Big News Publishers Look to Team Up to Address Impact of AI ‎Matt Higgins on How the Publishing Industry Will Feel the Coming AI Storm Amazon, Friction, and the FTC Video of the Week Marc Andreessen on what makes Elon Musk special | Lex Fridman AI of the Week AI + Crypto: Best and Worst Cases The US Senate Wants to Rein In AI. Good Luck With That Building god Inflection lands $1.3B investment to build more ‘personal' AI Snowflake and Databricks are putting the data stored in their services to work Google DeepMind's CEO Says Its Next Algorithm Will Eclipse ChatGPT MIDJOURNEY'S 5.2 GAME-CHANGING FEATURES EXPLAINED News Of the Week Cash Is Drying Up in the Late-Stage VC Market ThoughtSpot acquires Mode Analytics, a BI platform, for $200M in cash and stock Startup of the Week Why Lightspeed is Leading Redpanda's $100 Million Series C Tweet of the Week Aaron Levie - Databricks Buys Generative AI Startup MosaicML For $1.3B --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Editorial - The Year of the Mask (again)? Essays of the Week The Gospel of ARK Invest Twitter's value down two-thirds since Musk takeover, says investor Elon Musk reclaims title of world's richest person Twitter is Approving Far More Government Censorship Requests Under Elon Musk Video of the Week The Cure @Shoreline Amphitheatre, Mountain View, 2023.05.27 AI of the Week Improving mathematical reasoning with process supervision - OpenAI Is The AI Hype For Real? $20B In Investments Says Yes - Crunchbase Introducing The Information's Generative AI Database - The Information VC Giants Accel, Sequoia Scour Portfolio Startups for AI Risk AI Canon - A16Z News Of the Week What is the total value of unicorn exits for US universities? Ilya Strebulaev Investors turn to AI-guided dealmaking to gain edge over rivals - FT JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice What's new on Substack WordPress.com challenges Substack with launch of paid newsletters Startup of the Week Apple MR Headset Is Apple's weird headset the future? Meta Quest 3 Launches Later This Year + Lower Prices & Improvements for Quest 2 Tweet of the Week Renaming Twitter --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial Essays of the Week State of Private Markets: Q1 2023 Fund Size Is Still Strategy - The Growing Disconnect Between Founders and VCs 'ZIRP' No More: A Founder Playbook for the Market Downturn Series D Hits Lowest Point In Years. What Does That Mean?  Nearly Half of YouTube's U.S. Viewership Is Now on TVs, Helping Drive Ad Shift The Unified Content Business Model Video of the Week Greg Brockman at TED Yejin Choi at TED AI of the Week Google "We Have No Moat, And Neither Does OpenAI" Will A.I. Become the New McKinsey? Lina Khan: We Must Regulate A.I. Here's How. Google Suffers a Major Loss Slack updates aim to put AI at the center of the user experience Profit in AI News Of the Week OpenAI closes $300M share sale at $27B-29B valuation New Unicorns Led By AI Companies In April, And Two Dropped Off ARM registers for US initial public offering Twitter Plans to Enable Publishers to Charge Per-Article to Bypass Paywalls in the App Startup of the Week Elon Musk Continues to Transform Las Vegas Tweet of the Week Paul Graham --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial: Shrinking Essays of the Week These 4 Charts Show That, Slowly But Surely, Startup Funding Deal Sizes Are Shrinking  The Fintech Funding Crunch In 4 Charts M&A for venture-backed startups has fallen to the lowest quarterly level in a decade Elon Musk Is Transforming Twitter, Not Killing It The Mother of All Pivots Grimes invites people to use her voice in AI songs 2023 State of AI in 14 Charts The History of AI in 7 Experiments Michelle's Approach to ChatGPT Has Me Convinced Google Will Launch a Direct Competitor The first babies conceived with a sperm-injecting robot have been born Facebook Parent Meta Soars After Blasting Q1 Earnings Forecasts; Zuckerberg Sees More Cost Cuts First Republic Plunges To Fresh Record Low Amid FDIC Receivership Report Humane Benedict Evans --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Content this week from: @jonfingas, @harrymccracken, @TurnerNovak, @fredwilson, @kwharrison13, @ballmatthew, @ttunguz, @timoreilly, @davidcummings, @NeilThanedar Netflix will shut down its DVD rental business in September The End of Computer Magazines in America Shuttering of BuzzFeed News Signals Shift to Survival Mode Can Substack Save the Social Network? What Is A Protocol And Why Does It Matter? Building an Actual Unicorn 2023 Private SaaS Company Valuations Is Twitter finally dying? Why Every Startup Needs an AI Strategy Sam Altman: Size of LLMs won't matter as much moving forward You Can't Regulate What You Don't Understand China's new GDP figures may restore faith in its economy Elon Musk wants to develop TruthGPT, ‘a maximum truth-seeking AI' Google Looks to Turbocharge AI Efforts With Combined Brain, DeepMind Unit VCs Challenged by the Downturn Tiger Global Management's $12.7 Billion Venture Fund Records 20% Loss Apple launches Apple Card's savings accounts with 4.15% interest rate SeetGeek @NeilThanedar This week's headline is “Gone.” Specifically, Nexflix's DVD service, Maximum PC and MacLife Magazines, and BuzzFeed News. The latter was “shuttered” today. We could extend the meaning to include unicorns, later-stage venture funding, and Elon Musk's first Starship. In the case of the first three, it is surprising that they survived this long. But I think these closures are a moment to acknowledge and mark. They have already been replaced long ago, and their passing is a testament to the work Netflix has done with streaming, the emergence of the newsletter and blog, and the frustrations we all have with headline writers seeking clickbait. The downbeat tone continues with a Vox piece asking (with an implied answer) Is Twitter finally dying? Vox is no longer a news publication when it comes to Twitter, it has become a rag with a campaign seeking to fight against the company's very existence. It is the Fox News of Twitter coverage. A more thoughtful piece from Kyle Harrison is still, however, downbeat. It asks why almost all unicorns have never made a profit but overlook that many have enormous free cash flow that they decided to spend on growth as a conscious strategy. Spending profits (thus removing them as profits) is what startups should be doing. Amazon has done so for decades successfully. Turner Novak writes about Substack, one of the emergent platforms, and asks the question, “Can Substack Save the Social Network?” He tracks the history of Substack, increasing the tools that enable its writers, creators, and consumers to discover and recommend each other and the impact on subscriber growth. Meanwhile, Tomasz Tunguz of Theory VC states that all startups must have an AI strategy. Fred Wilson says protocols are important but are not well understood. These articles and others focus on what is new and what comes next. As Leonard Cohen famously wrote, “that's how the light gets in.” In Silicon Valley, over $11.5 billion was invested in AI startups in the past three months. Web 3 funding has slowed to a crawl but has not disappeared. And biotech funding remains vibrant, along with new energy startups. We are entering a phase where a new cohort of companies, funded since the middle of 2022, is attracting capital because of the scale of their ambition and the opportunity it represents. The number of funding rounds at the seed and early stage is declining, but the quality of the investments and the amounts raised are both strong. 2023 will be a big year for the next generation of successful startups, and I can't wait to see what they bring to the table. --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Editorial: Product of the Week Now live for all: Substack Notes Notes questions answered Is Substack Notes a ‘Twitter clone'? We asked CEO Chris Best Essays of the Week ‘We have to move fast': US looks to establish rules for artificial intelligence Prohibition of AI that ‘subverts state power' in China may chill its nascent industry What the End of HBO Max—and the Rise of ‘Max'—Means for Streaming Crypto VC Funding Slows to a Crawl Here Comes the Startup Panic SignalRank Funding Round and the Next Steps AI of the Week Y Combinator's Most Recent Winter 2023 Batch Shows A Shift To AI, DevTools And B2B  A Brief Note To Our Founders Re: Impact Of Artificial Intelligence News Of the Week Garry Tan's First Big Move as Y Combinator CEO Roils Founders As tech slumps, SoftBank sells VC unit to Singapore-based firm led by Masayoshi Son's brother European VC Funding Drops 66% As Seed Takes A Hit, US Investors Pull Back Twitter, Inc. is now X Corp. Twitter partners with eToro to show real-time stock and crypto information Twitter Rolls Out Creator Subscriptions More newsrooms bail on Twitter as Musk meddles with account labels Startup of the Week Betaworks' new ‘camp' aims to fund transformative early-stage AI startups Apple Savings Account Tweet of the Week --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial: An Open Letter Essays of the Week Pause Giant AI Experiments: An Open Letter The Open Letter to Stop 'Dangerous' AI Race Is a Huge Mess Vinod Khosla on how AI will ‘free humanity from the need to work' Thinking About AI A Short History of Artificial Intelligence ChatGPT Gets a Computer The Accidental Consumer Tech Company; ChatGPT, Meta, and Product-Market Fit; Aggregation and APIs Video of the Week Coldfusion - AI is Evolving Faster Than You Think [GPT-4 and beyond] News of the Week Are solo GPs screwed? Death of The Generalist Seed VC The NFL Is Quietly Investing Millions Into Its Venture Capital Fund, 32 Equity Apple Mixed-Reality Headset May Not Appear at WWDC as Mass Production Pushed Back Yet Again Startup of the Week Good Eggs Cuts Its Valuation 94% in Lifeline Financing as More Startups Get Desperate Tweet of the Week Sam Altman --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Content this week from @stuwoo @mvpeers @JuliaAngwin @chloexiang @vice @neuwaves @jason_keobler @tayhatmaker @pkedrosky @blurcon @billgates @theo_wayt Editorial: Are You a Communist? Essays of the Week Who Is Shou Zi Chew, the TikTok CEO Trying to Reassure America? U.S. Tech Should Support TikTok at This Moment How to Fix the TikTok Problem Banning TikTok Is Unconstitutional, Ludicrous, and a National Embarrassment TikTok CEO says it wasn't ‘spying' when ByteDance employees surveilled journalists Teens Social Media Habits and Experiences Society's Technical Debt and Software's Gutenberg Moment The Age of AI has begun Amazon Faces Moment of Truth on Alexa as ChatGPT Steals Its Thunder Video of the Week The Age of AI and Our Human Future News of the Week OpenAI connects ChatGPT to the internet OpenAI and Microsoft Are Partners, Until They Vie for the Same Customers Apple reportedly plans to spend $1B a year to release Apple TV+ movies in theaters Amazon layoffs will shut down camera review site DPReview.com after 25 years JPMorgan to acquire Aumni, provider of venture capital analytics software GitHub Copilot X: The AI-powered developer experience Adobe Launches Firefly AI The FTC Just Announced a Solution to an Annoying Problem Startup of the Week Character.AI Hits Unicorn Status With $150M Raise As AI Craze Continues Tweet of the Week Keith Teare (yes, me) --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

That Was The Week 2023, #9 Content this week from @AlphaSignalAI, @kleinerperkins, @thegeneralistco, @theinformation, @htaneja, @om, @mslopatto, @geneteare, @reidhoffman @garrytan, @techcrunch, @wsj Contents Editorial Essays of the Week Venture Capitalists Made a Big Mess of SVB What happens to Silicon Valley without Silicon Valley Bank? Where the Venture Community Goes From Here A Tough Weekend The Silicon Valley Bank fallout is just beginning In Their Own Words: What Silicon Valley Bank Meant To The Valley  Impromtu - A Book Written by Reid Hoffman and GPT4 Changes at YC Video of the Week The BBC visits CYBERIA Café News of the Week TikTok Is in Deep Trouble First Republic Gets Additional Funding From Fed, JPMorgan GPT-4 will arrive next week and will be multimodal Microsoft's new Power Platform AI copilot will build your apps for you LinkedIn Adds AI-Generated Profile Summaries and Job Listings Robots Don't Make Art AI Will Make Human Art More Valuable Mark Zuckerberg Ends the Tech Party Tiger Global Writes Down Venture Funds' Bets by 33% in 2022 Uber, Lyft Score Victory as California Court Affirms Right to Treat Drivers as Contractors Startup of the Week ⁠The Remaking of Kleiner Perkins⁠ Tweet of the Week @AlphaSignalAI --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Editorial: Silicon Valley Bank. Canary in the Coal Mine? Essays of the Week Silicon Valley Bank CEO Tells VC Clients to ‘Stay Calm' Silicon Valley Bank shoots self in foot A Great Thread by Genevieve Roch-Decter Another Good Thread, by Turner Novak Some SVB customers are struggling to wire funds out of the bank Silicon Valley Bank's Stock Plunge Sends Jitters Through The Startup World Banks Lose Billions in Value After Tech Lender SVB Stumbles Generative AI And The Future Of Creative Jobs Yes, ChatGPT Is Coming for Your Office Job How ChatGPT Will Restructure Engineering Teams & Create Opportunity for Startups OpenAI President on Musk Criticism: ‘We Made a Mistake' Substack: Empire of Narratives --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

That Was The Week 2023, #7, with content from: @pmarca @chamath @eladgil @annimaniac @Cookie @hunterwalk @SignalRank --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Bubbles and AI, by @kteare That Was The Week 2023 #6 Content from @hunterwalk @altairvc @krishnanrohit @micsolana @johnbattelle @BessemerVP @stephen_wolfram @emollick @thecontentmines @tferriss @bgurley @Altimor --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

That Was The Week 2023, #5 Contents Editorial: “Here's Sydney” Essays of the Week The Ascent of ChatGPT - Open Data Science Bing's A.I. Chat: ‘I Want to Be Alive.

AI Can't Be Stopped. https://thatwastheweek.substack.com/p/ai-cant-be-stopped Content from @IndexVentures @a16z @azeem @GaryMarcus @Ljungman @krishnanrohit @bradleytusk @karanslala @pmarca @Samirkaji --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Facebook at 2 billion users a week, ChatGPT already at 100m. Meta stock up 100% in 3 months. Is Tech Born Again? thatwastheweek.substack.com/p/born-again-i… Content from @alexkantrowitz @alexeheath @kateclarktweets @om @davekarpf @BrentLeary @hamishmckenzie @JONATHANVANIAN @karissabe & @TwitterDev --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Essays of the Week --AGI will not happen in your lifetime. Or will it? --Google vs. ChatGPT --Unicorn Valuations Are On The Chopping Block --Thinning The Herd --Netflix's New Chapter --Why Now is a Great Time to Raise Seed Funding. Even If It's Awful for Series A-E Rounds. --Japan to remove limit on overseas investment by startup funds News of the Week --Cowboy Ventures goes bigger with $260M across two new funds, including an opportunity fund --Lightspeed - Fintech Trends for 2023 and Beyond --What Microsoft gets from betting billions on the maker of ChatGPT --NEA Announces Two New Funds Totaling $6.2B Startup of the Week --Substack Tweet of the Week --Dave Rubin on Twitter --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

Contents Essays of the Week --24 Seriously Embarrassing Hours for AI --Is Microsoft about to get the deal of the century? Or is Sam Altman unloading OpenAI at just the right time? --Is ChatGPT Really a “Code Red” for Google Search? --ChatGPT Creator OpenAI Could Be Valued At $29B In Tender Offer --Infinite AI Interns for Everybody --Who Owns the Generative AI Platform? --Fireside Chat: Reid Hoffman, w/ Elad Gil (AI, Big Tech, & Startups) --New AngelList Data Shows Startup Fundraising Pain in Second Half of 2022 --What Creators Really Want From Twitter --Visualizing China's Dominance in Battery Manufacturing (2022-2027P) News of the Week --Apple's New Reality --Twitter Officially Bans All Third-Party Apps --The European Union and the Quest for Digital Sovereignty: Briefing addresses the causes of Europe's failure on digital innovation Startup of the Week --Blackstone raises over $22B for world's biggest secondaries fund Tweet of the Week --Bill Gurley on Degobalization --- Send in a voice message: https://podcasters.spotify.com/pod/show/thatwastheweek/message

This week we look at the fallout from the ChatGPT launch. How concerned should we be that ChatGPT is often wrong? Can we trust it? Should we use it? If so what for?

#ActivityPub & #Mastodon are in the news. A long-time passionate group of believers in the indieweb has recently found a use case. @elonmusk has inspired many opponents to try this new distributed social technology. It is time to understand it.

Masayoshi San, Cathy Woods, Elon Musk, and Sam Bankman-Fried have all been in the spotlight I want to take a step back, and a deep breath and ask. Would we be better without risk-takers? Even risk-takers that take too much risk and lose? Content from @elonmusk, @CathyDWood, @GSands, @masason, @SBF_FTX, @HarryStebbings, @mwseibel Contents Editorial In Defense of Risk-Takers The Crazy Ones Masayoshi Son owes $4.7bn to SoftBank following tech rout 20VC: ARK Invest's Cathie Wood - Harry Stebbings Musk Warns Twitter May Lose Billions Next Year Elon Musk gives Twitter staff deadline to commit to being ‘hardcore' Twitter Employees Have Reportedly Had Their Building Access Suspended and Musk is Being Suspiciously Quiet Costanoa's First 10 Years: What a Long (and Short) Strange Trip It's Been Essays of the Week What to Watch in AI In My Newsletter I Trust Binance role in FTX collapse under congressional scrutiny Binance's CZ is considering purchasing Genesis' loan book Crypto Lending Seizes Up as FTX Contagion Spreads Narratives – Stratechery by Ben Thompson News of the Week Endowments quickly slide from record-breaking returns to losses Want to Invest Like a VC? These New Indexes Can Help You Do It Meet The Companies That Joined The Emerging Unicorn Board In October 2022 Sam Bankman-Fried Tries to Explain Himself Startups of the Week Protocol - RIP Mother Duck Mastodon Tweet of the Week Michael Seibel - @mwseibel

This week saw FTX shrink from $32 billion of value to zero in less than 48 hours. @TheInformation is doing great reporting. It seems the ill-named founder @SBF_FTX - Sam Bankman-Fried - invested hundreds of millions into Sequoia and other funds. The @SECGov failure to provide a regulatory framework for Crypto seems even more silly. But @DavidKirkpatric and @LHSummers provide a thoughtful distraction from the noise. Contents Editorial: I Vote For Change Essays of the Week: The end of the Internet? In Our Own Best Interests - Techonomy - David Kirkpatrick Larry Summers Compares the Surge of Pain in Tech to the Dot-Com Bubble The Big FTX Collapse Sam Bankman-Fried's Late-Night Move and How the FTX House Crumbled FTX's $2 Billion Startup Fund Ensnared in Collapse FTX's Bankman-Fried Quietly Invested More than $500 Million in Sequoia and Other VCs — The Information Binance walks away from FTX deal, citing ‘mishandled customer funds,' regulatory scrutiny Substack Introducing Mentions and Cross-Posts The Substack Bestseller Badge Zoom Zooms Zoom is coming for Microsoft's territory with email and calendar services Tesla vehicles will soon have Zoom video conferencing This Week in Twitter Musk Warns Twitter May Lose Billions Next Year Musk ends remote work at Twitter Elon Musk sells Tesla shares worth $4bn News of the Week Meet The New Unicorns Minted In October 2022 Tiger Global Slashes Value of Private Tech Bets by Billions, Documents Show VC firm Molten Ventures cuts portfolio value after tech sell-off Changing times (or, why is every layoff 10-15%? Stripe will lay off 14% of its employees Startup of the Week The Internet Tweet of the Week Sam Bankman-Fried

Twitter is complicated. And this week it has attracted intense and emotional attention from a wide spectrum of opinions. The standoff between @AOC and @ElonMusk on his intent to charge $8 a month for the Twitter blue tick is symbolic of a wider debate. @karaswisher, @waltmossberg and @davidsacks all weigh in. @HamishMckenzie of @Substack also has an angle. Contents Editorial: Elon Musk 1-0 Kara Swisher Twitter's Rebirth Elon Musk Twitter is Good for Substack Hamish McKenzie Introducing Substack Chat Essays of the Week Meta Myths - Ben Thompson Ways to think about the Metaverse - Benedict Evans Will nationalism end the golden age of global AI collaboration? After A Lot Of Hype, (Useful) AI May Finally Be Here - Crunchbase Google releases text-to-image AI model Imagen for public use for the first time Why America Must Develop Space and How We'll Do It - Andreessen Horowitz Review of the Week iPhone 14 Pro Camera Review: A Small Step, a Huge Leap Fool of the Week Elizabeth Warren Startup of the Week Tiger Global Management Tweet of the Week Elon Musk

Meta lost 25% of its value in 24 hours. Twitter moved to close the deal with Elon Musk as its stock neared $54. Both founders have a vision. Whose will win? Discuss… Content from @elonmusk, @finkd, @noahpinion, @stratechery, @seedcamp, @ttunguz Contents Editorial A Tale of Two Platforms Meta Twitter Essays of the Week 9 Predictions for Data in 2023 Apple's new App Store tax on ads is a direct shot at Meta Generative AI Startups Attract Business Customers, Investor Funding Chips and China The end of the system of the world - by Noah Smith The Rise of Real-Time Collaborative Tech : Seedcamp News of the Week Mobileye stock rises 40% in its return to a public market in chaos Stability AI CEO, After Ruffling Feathers of Researchers, Discussed $1 Billion in New Financing Andreessen Horowitz's Flagship Crypto Fund Takes A Beating — Report Tech unicorn start-ups valued at $1 billion now rare in Silicon Valley Startup of the Week Snowflake Tweet of the Week Elon Musk

The rise of data, and the increasing scope for AI to mine it for useful outputs, leads some to predict the end of apps. Can we dream of just asking for what we want, and getting it? Lots to chew on this week. Enjoy. Contents Editorial The End of Apps? - A Discussion Essays of the Week The AT Protocol - The Bluesky Team AI 2022: The Explosion - The Coatue Venture Team AI: Startup Vs Incumbent Value - Elad Gil An AI Might Have Written This - Fadeke Adegbuyi Alien Truth - Paul Graham Will the Metaverse replace PCs? Accel 2022 Euroscape: Reset Mission → Vision → Strategy → Goals → Roadmap → Task - Lenny Rachitsky Dylan Field (Figma) - at TechCrunch Disrupt News of the Week Meet The New Unicorns Minted In September 2022 - Gené Teare Around Acquired by Miro Labs Stanford Wants a Bigger Piece of Silicon Valley's Top VC Funds: Endowment Chief Silicon Valley is starting to cave to European regulators Meta Must Sell Giphy, U.K. Competition Authority Orders in Final Decision Startup of the Week Minerva Lithium Tweet of the Week Hunter Walk

Twitter needs new leadership, and Elon Musk is the best chance of getting it. This week he renewed his bid to buy Twitter at the original price. But is he really going to pull the trigger? Or is it a ruse to blame bankers? Also @danrose999, @rabois, @Mazzeo @alex @elonmusk Contents Take a Walk on the Wild Side ‘Elon Musk Proposes to Buy Twitter for Original Price of $54.20 a Share' Elon Musk's lawyers ask the judge to call off the Twitter trial Judge halts Elon Musk-Twitter litigation to allow time to finance $44bn takeover Everything we know about Elon Musk's messy new Twitter offer Elon Musk's Half-Baked Robot Is a Clunky First Step Essays of the Week The art and science of picking winning teams The unicorn funding slump is worse than you thought Tiger Partner John Curtius is Leaving to Launch His Own Fund Coatue General Partner Matt Mazzeo Departs to Launch Fund The US venture capital slowdown doesn't look that bad News of the Week EU votes to force all phones to use the same charger by 2024 From seed to series E, companies cut staff after raising millions Startup of the Week Substack Tweet of the Week Dan Rose Keith Rabois

When Lina Khan came into office. She was championed as a friend of the people facing up to Big Tech. Today her reputation is in tatters. We predicted she was not well prepared for success, and we were right. Also, great content from @a16z @openai, @conniechan, @elonmusk @stevecase, @floodgatefund and @annimaniac Content Regulators on the Rocks --Lina Khan's ambitious FTC is facing ‘extremely difficult choices --A Call to the SEC to treat Crypto Assets is if Clients Matter Essays of the Week --Why Google is pushing for open media formats --There's New Proof Crispr can Edit Genes Inside Human Bodies --The Best Managers Are Leaders — and Vice Versa --What China Can Teach Us About the Future of TikTok and Video Search --Introducing Whisper --Dall-E 2 users to be allowed to upload faces for the first time --Funding When Capital Isn't Cheap --Debt Pitches Are in Vogue, but Not All Tech Startups Are Biting News of the Week --Musk's Legal Team Will Be Allowed to Use Zatko Payout as Part of Case Against Twitter Deal --New Report Underlines the Increasing Reliance on Social Platforms for News Content, Including TikTok --Meta Announces Facebook Reels API to Enable Reels Sharing via Third Party Apps --Semafor Interview: Facebook could lift Trump's suspension in January, Nick Clegg says --Steve Case | Rise of the Rest | McKinsey Author Talks Startup of the Week --Looking at 320 pitch decks here's what science tells us works best Tweet of the Week --Floodgate Fund and Anna Miura Ko

Contents from this week's newsletter This week a whistleblower demonstrated how poor Twitter's internal data controls are, mirroring previous proof that TikTok is similarly challenged. And politicians focused on TikTok Contents Is TikTok Hatred Racist? Is TikTok's Time Running Out? Meta Can Thank TikTok for its quiet day in Congress Essays of the Week Twitter Whistleblower Testifies (video) OpenAI - Sam Altman and Reid Hoffman in conversation - Podcast and Transcript What you Learn from Hypergrowth - 3 years at Hopin Big Tech Revenue and Profits Breakdown News of the Week Twillio Lays off 11% The Post Crash VC Market - Mark Suster A Bull Case for Fintech VC fundraising and the New Normal VC Secondary Bargain Hunters Northzone closes $1bn fund Venture Healthtech funding falls 42% A16Z is now a Landlord Startup of the Week Figma Tweet of the Week Fred Destin

Her full title reads Elizabeth II, by the Grace of God, of the United Kingdom of Great Britain and Northern Ireland and of Her other Realms and Territories Queen, Head of the Commonwealth, Defender of the Faith. She is no more. And much of what she stood for is also in decline