Podcasts about 75b

EP195: Israel Iran War; WWDJTD? MN Assassination Suspect, MAHA Arrives, US OpenSPORTSJJ Spain wins US Open Golf https://www.usopen.com/NBA Finals 2-2 https://www.nba.com/news/2025-nba-playoffs-schedule NFL Mini Camps https://www.nfl.com/news/24-nfl-teams-open-mandatory-minicamp-on-tuesday CLICKSGameStop https://www.coindesk.com/business/2025/06/11/gamestop-raising-another-175b-for-potential-bitcoin-purchases Earnings: Operationally profitable, Bitcoin Q2, Canada Q2, Switch Q2Issues $2.75B convertible bond, acquisition?; price plunge Price pinned $21.55 for an hour on massive volume same as Ryan Cohen's stock purchase priceMAHARFK Jr Fires All CDC Advisory Members(VIDEO)New Medical Journal https://www.zerohedge.com/political/nih-director-gives-more-details-new-government-medical-journalRalph Baric State Investigation https://www.newsobserver.com/news/politics-government/article307770080.htmlPOLITICSMannion Outburst https://dailycaller.com/2025/06/12/dem-rep-profane-tirade-against-gop-colleague-house-floor/Minnesota Legislators assassinated https://www.sctimes.com/story/news/2025/06/15/11-wisconsin-lawmakers-named-in-minnesota-gunmans-manifesto/84217955007/Suspect: Failed religious leader & Trump supporter SomeBitch DD  https://x.com/somebitchiiknow/status/1933932877814637024?s=46&t=ye-2GyAK2iDh3yT1vKjfJgIran v Israel War https://news.antiwar.com/2025/06/15/sources-us-will-enter-israels-war-with-iran/ Israel asks US to join their effort Trump doesn't authorize taking out of Uranjan leaderBibi suggests Iran tried twice to kill Trump Bibi Files https://www.jolt.film/watch/the-bibi-files?d=n Pakistan? https://www.turkiyetoday.com/region/pakistan-to-provide-iran-with-nuclear-weapons-if-israel-uses-one-iranian-official-3202916##About the Sports, Clicks & Politics PodcastSCAPP is a weekly podcast with a Livestream every Monday at 12pm on eastern.  Join hosts Shawn Hannon and Ben Hussong as they separate the latest news from the noise impacting New York State. The podcast has frequent guest interviews for additional perspectives in the worlds or sports, politics and beyond!Follow the show on social mediaWebsite: scappodcast.comFacebook: facebook.com/scappodcastTwitter: @SCAPPodcastFollow Shawn & Ben on social mediaFacebook: facebook.com/hannon44 Twitter: @hannon44Facebook: facebook.com/ben.hussong.3Twitter: @benhussong 

Bitcoin price rally to $115K possible as US economic data exceeds expectationsBitcoin dips as Trump finalizes tariff deals with ChinaGameStop Raising Another $1.75B for Potential Bitcoin PurchasesUS senators question Metas stablecoin plans amid GENIUS Act debate

Mary Meeker's experience dates back to her role as a leading technology analyst at Morgan Stanley with her “Internet Trends Report”, she was in the middle of the Netscape, Amazon, and Google IPOs, and became a VC at Kleiner Perkins (2010) and then founded Bond in 2018 which has raised $5.75B to fund companies including Canva, Stripe, Plaid, Ironclad and Nextdoor to name just a few.During this episode of SaaS Talk with the Metrics, CAC and Growth discuss some of the KEY highlights of the 339-page report, Bond and Mary Meeker just released on Artificial Intelligence (AI) Trends - 2025 including:ChatGPT and Generative AI are the fastest growing technology adoption of all time - with contextExponential growth of the AI ecosystemHow Generative AI is reinventing the technology stack and economic modelsGeo-political impact of the race to AI leadershipCapital intensive nature of AI and the operating profitability realityLegacy SaaS companies or native language models applications - who will win...and whyThe Metrics Brothers go beyond legacy SaaS to discuss the AI Trends captured in the Mary Meeker - Bond report and guess what - it includes numbers and metrics!!!Full report available at: https://www.bondcap.com/report/pdf/Trends_Artificial_Intelligence.pdfSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This Is The Most UNFILTERED Gary Vee Interview You've EVER Seen.Gary Vee sat down with us and held NOTHING back — from calling out fake entrepreneurs, to why “followers don't matter,” to building a $75B brand in your face. We asked him if AI will kill the creator economy, how to balance money and passion, and whether "money really buys happiness."He breaks down the lies people tell themselves, why your Range Rover isn't impressing anyone, and how most people secretly hate their lives but post like they're winning.Get ready for wisdom, wild stories, and REAL talk.If you're building a brand, chasing your dreams, or just feeling stuck — you NEED to hear this.Order Rock n' Roll Tequila now: https://rocknrolltequila.com/This episode is brought to you by BetterHelp. Give online therapy a try at https://betterhelp.com/BUYHAPPINESS and get on your way to being your best self.Check out MINTINK for all your trading card needs:Website: https://www.mintink.ca/Instagram: https://www.instagram.com/mintink10SHOP NEW MBH MERCH:https://mbhtv.com/collections/mbh-merchandiseSUBSCRIBE TO MBH SNAPCHAT: https://www.snapchat.com/p/58f66f01-5acf-4d09-a4ca-652bad95554a/574335458732032?sender_web_id=e8418f1d-2254-4c91-a0d9-3278c358f8c0&device_type=desktop&is_copy_url=true&sender_web_id=dcbaff02-b98c-428b-a67e-9fe64ca75e30&device_type=desktop&is_copy_url=trueSUBSCRIBE HERE: https://www.youtube.com/channel/UCcQijWgy0S1vyfPm_BhYNPwLISTEN ON:APPLE: https://podcasts.apple.com/ca/podcast/money-buys-happiness/id1513827461SPOTIFY: https://open.spotify.com/show/4DzyFZDvEHVT8ArGusePGs?si=38129137034440ecHOSTS INSTAGRAM:ERNESTO: https://www.instagram.com/Ernestogaita/ANTHONY: https://www.instagram.com/AnthonysorellaPODCAST: https://www.instagram.com/moneybuyshappinessGUEST: Gary: https://www.instagram.com/Garyvee/

980: “Enterprise data platforms must evolve to express context to AI systems.” In this episode of Technovation, Peter High speaks with Louis Landry, Chief Technology Officer at Teradata, a $1.75B cloud analytics and AI data platform. Louis shares how Teradata is reshaping its core platform to meet the demands of the AI era through open, hybrid architectures, vector search integration, and mixed workload optimization. A 11-year veteran of the company, Louis reflects on Teradata's evolution from centralized analytics to a hybrid, multi-cloud powerhouse, and what it means to support some of the world's largest banks, airlines, and healthcare providers. He also offers insight into agentic AI, data-centric intelligence, and model-sharing futures.

Story of the Week (DR):Right wing faux populism:Josh Hawley blasts Allstate CEO for making $26M last year — while company can't ‘afford' to pay out claimsTrump Attacks Walmart, Tells Retailer to ‘Eat the Tariffs' Instead of Raising PricesTesla CFO earns staggering $139M compensation packageVaibhav Taneja: Approximately 80% of Mr. Taneja's equity award was granted as stock options and 20% of the award was granted as restricted stock units. Robyn Denholm member of Pay CommitteeIn 2024, Tesla experienced its first annual sales decline in nearly a decade, with a 1.1% drop in global deliveries. In April 2025, Chinese automaker BYD surpassed Tesla in European electric vehicle sales for the first time, registering 7,231 units compared to Tesla's 7,165. This shift is attributed to BYD's competitively priced and technologically advanced lineup. Tesla's sales in California, its largest American market, declined in all four quarters of 2024, with Model 3 sales plunging 36% for the year. In 2024, Tesla led all automakers in the U.S. with over 5 million vehicles recalled across 16 separate campaignsIn 2025, Tesla dropped to 95th place out of 100 in the Axios Harris Poll, down from 8th place in 2021In a hidden 10K/A from 4/30/25“Staggering” is from Fox: even more fake anti-capitalist rhetoricScared bro dictatorships: Duolingo deletes its TikTok and Instagram posts amid AI backlashCEO Luis von Ahn, posted a memo on LinkedIn last month describing plans to make the company "AI-first." He said the company would "gradually stop using contractors to do work that AI can handle" and "headcount will only be given if a team cannot automate more of their work."The backlash was harsh. Tweets, TikToks, and Reddit posts exploded in outrage. As of Tuesday, Duolingo's social accounts had been wiped — no posts, no icon. Duolingo did not respond to a request for comment.And the one statement that was released by a Duolingo spokesperson, after the account went dark, did not shade much light on the situation (pun intended): “Let's just say we're experimenting with silence. Sometimes, the best way to make noise is to disappear first.”Duolingo CEO says there may still be schools in our AI future, but mostly just for childcareBro dictatorship (76% combined voting power)Co-founder CEO Luis von Ahn (43%); co-founder CTO Severin Hacker (40%)Classified board: why?Each share of Class A common stock is entitled to one vote, and each share of Class B common stock is entitled to 20 votesThe worst kind of suck-ups: Verizon ends DEI programs, diversity goals as it seeks approval for Frontier acquisition MMVerizon dumped DEI. Then regulators cleared its $20 billion Frontier deal4/1/25: T-Mobile announces DEI changes in pursuit of LumosA day after T-Mobile said it would end some diversity, equity and inclusion practices, the FCC gave a green light to T-Mobile's deal with EQT for fiber operator Lumos.5/22/25: AT&T CEO on potential Trump DEI pressure for $5.75B deal: 'We don't have to roll back anything'AT&T CEO John Stankey isn't showing his hand yet on whether he plans to dial back diversity, equity, and inclusion (DEI) initiatives to gain approval for a big new fiber deal from the Trump administration.AT&T said late Wednesday it would acquire all of Lumen Technologies' (LUMN) fiber business for $5.75 billion, above the already pricey $5.5 billion that deal watchers estimated a few weeks ago.Goodliest of the Week (MM/DR):DR: Most US executives want to remove at least one director, PwC survey says93% said they wanted at least one director to be replaced, an all-time high for the five years this survey has been conducted78% said two or more should be replaced56% worried about directors' performance being diminished by their advanced age47% worried members served on too many boardsOnly 32% believe their boards have the right skills and expertiseMM: BYD overtakes Tesla in Europe for the first time. That's more bad news for Elon Musk. MMI'm now rooting for China… and I'm not alone: Jamie Dimon says he is a 'red-blooded American patriot capitalist,' but he sees how China's hustle is paying offAssholiest of the Week (MM):Shareholders lamenting the rise of virtual meetingsShareholders lament the rise of virtual annual meetingsThey miss the time they could meet directors face to face before voting 97% in favor?Shareholders afraid to vote against directors93% of U.S. Executives Desire Board Member Replacements, Survey Finds - News and Statistics49% of directors think one other director should get the axe too according to PwCGrant them their wish!! Just YOU choose instead of them!I'll do it for you:If I look at directors actively on 2+ boards, who have served on at least 3 boards in the last 7 years…Filter them by performance - below average earnings, TSR, AND controversies…There are 66 options to choose from!Including… Stephen Girsky, CEO of fraudulent company Nikola!Randy Weisenburger at Valero Energy and Carnival!Robert Johnson on the boards of Spirit Aero, Roper, and Spirit Airlines!Arnold Donald on four boards - Salesforce, BofA, GE Vernova, MP Materials! Four times the underperformance!Chip Bergh at HP and Pinterest!What, you don't recognize any of these names? These sound like random board members? Shame on you!Johnson has been on the boards for 18,19, and 14 years respectivelyWeisenburger for 14 and 16 yearsDonald's been at BofA for 12 yearsBergh's been at HP for 9 years!These people are tenured. They've been around. They've proven they are really good at overseeing underperformance. VOTE. THEM. OUT.I'm sure you're worried about hurting their feelings or seeming activist - you're not, and you won't! Even the boards and executives wish you would vote someone out! Try it!Harvard board members DRDHS barred Harvard from enrolling international students. Here's what's at stake and what's still uncertainYou've let Bill Ackman be your big fat useless mouthpiece - where the fuck are you all? Oh, I found you…2,173 companies in our database have at least one director who attended Harvard848 of those companies are NON US companiesJust under 4% of ALL GLOBAL DIRECTORSHIPS are held by what we KNOW are Harvard alumsIt's 9% of all US company directorships - nearly 1 in every 10 US directors at a company are from HarvardAverage network power of a Harvard director is $6.2 trillion, compared to a global average of $2.6 trillion - Harvard directors have nearly 2.5x the power of an average directorHarvard directors have on average 13% influence compared to 11% for other directorsOn average, 38% of Harvard directors have merit - while 20% of non Harvard directors doDriven largely by the fact that 62% of them have core industry knowledge and 55% are company leaders - vs. 19% of non Harvard directors with core industry knowledge and 44% of non Harvard directors being leadersWhere we have race/ethnicity data for Harvard directors (1,664 of them), 28% are non white - compared to non Harvard directors where we have race (12,412 of them) only 16% are non whiteAt least 70 of the directors who went to Harvard in our database are tagged as international nationals in our data - and that's a WOEFULLY incomplete datasetOpen your fucking mouths! Did going to Harvard any of you help you get jobs and board positions? Was it nice to network and meet people who eventually could help you get jobs? Is there a culture of Harvard? I hate Harvard, and even I think this is utter madness and stupidity - stand up! Say something you cowards! Headliniest of the WeekDR: Chicago Sun-Times prints summer reading list full of fake books: Reading list in advertorial supplement contains 66% made up books with real author names: "Tidewater Dreams" by Isabel Allende and "The Last Algorithm" by Andy Weir MM: ‘Buy the dip'? You're twice as likely to do that if you're a manNacho dip? Women Outperform Men as Investors, Statistics Show. Here Are 3 Possible Reasons.MM: Anthropic's new Claude model blackmailed an engineer having an affair in test runsMM: Pitney Bowes appoints activist investor as new CEOI love when a company literally just gives up entirelyWho Won the Week?DR: Sam Alman, Ugh: Sam Altman Tells Staff Plan to Ship 100 Million Devices That See Everything In Users' Lives after OpenAI is buying iPhone designer Jony Ive's AI devices startup for $6.4 billionMM: Bud Light - thanks to one trans beer drinker, everyone that shot their Bud Light cans avoided future illness: Beer is the latest source of hazardous PFAS, or ‘forever chemicals,' according to worried scientists. Thank you, trans beer drinkers! You saved us once again!PredictionsDR: When AT&T gives up its DEI program to the Trump altar, I buy some string and quickly make hummus so I can use two empty cans of chick peas to make my new phoneMM: Since this is going forward - Antitrust Cops Say BlackRock, Other Fund Giants May Have Hurt Coal Competition - which should read “Company owners ask companies they own to do stuff” - Blackrock will launch a new investment vehicle called “Pick Your Own Damn Stocks, We Don't Give a Damn LP” in which clients can pick the investments and are auto enrolled in a proxy voting program called “Whatever the Fuck Ever” in which voting and engagement are assigned directly to every board chair.

AT&T (T) announces plans to acquire Lumen's (LUMN) fiber business for $5.75B. Ben Watson looks at the ascending triangle formation taking shape in shares of AT&T over the last 1-year. Ben adds the RSI shows a bit of a bearish divergence as shares hover below 52-week highs.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

En este episodio cubrimos los eventos más relevantes antes de la apertura del mercado: • Wall Street recupera el ritmo tras presión en los bonos: Los futuros suben: $SPX +0.1%, $US100 +0.2%, $INDU estable. El bono a 10 años baja a 4.58% tras la débil demanda de deuda del miércoles. Inversores observan con cautela el creciente déficit fiscal bajo el plan de Trump. Se esperan datos de desempleo, PMI y ventas de viviendas con tasas hipotecarias cerca del 7%. • El oro sube por refugio ante riesgo fiscal y tensión geopolítica: El oro encadena su tercera subida apoyado en la debilidad del dólar (-0.6%), la rebaja crediticia de EE.UU. por Moody's y tensión por el paquete fiscal de Trump. Temores de ataque de Israel a Irán y fuerte demanda de China (importaciones +73% en abril) fortalecen el metal como activo refugio. • AT&T compra negocio de fibra de Lumen: $T adquiere la unidad de fibra masiva de $LUMN por $5.75B, sumando 1M de clientes y avanzando hacia su meta de 60M ubicaciones para 2030. Creará “NetworkCo”, con AT&T como cliente ancla. La operación será positiva en 12–24 meses y se espera el cierre en 2026 con venta parcial a socio de capital. • Nike regresa a Amazon con alzas por aranceles: $NKE volverá a vender directamente en $AMZN por primera vez desde 2019, excluyendo a terceros desde el 19 de julio. También subirá precios el 1 de junio: calzado $100–$150 sube hasta $5, +$150 sube hasta $10, ropa y accesorios +$2 a +$10. El nuevo CEO Elliott Hill busca recuperar cuota frente a marcas emergentes. Una jornada con foco en tasas, metales y movimientos estratégicos en telecomunicaciones y retail. ¡No te lo pierdas!

Send us a textStrap in, kids—this episode is a buffet of DoD chaos, spicy geopolitical moves, and “WTF are we even doing?” headlines. Jared unleashes on everything from the sketchiest Air Force One replacement idea ever (thanks, Qatar) to Golden Dome missile pipe dreams and the absolute circus that is Cyber Command's latest identity crisis.We're also sending ICE to Marine bases, cutting 14% of Space Force civilians (brilliant), and relying on $26 million to keep Reserve pilots in the sky. Oh, and if you thought privatizing base lodging was gonna save anyone money—LOL, you're adorable.All this while the Air Force plays catch-up with drone integration, and Netflix somehow makes the Thunderbirds look cost-effective. Welcome to another day in the Pentagon's magical clown tent.

Chuck Zodda and Mike Armstrong discuss President Trump's comments about not ruling out a recession. Why are the guys not ready to proclaim a recession? Why is everyone spooked about recession? What are markets really scared about? Rocket Companies to buy real estate firm Redfin in $1.75B deal. Is the bull market in detox or melting down? Stock investors go on defense with dividends.

Welcome to a truly transformative episode where we dive deep into the intersection of leadership, well-being, and high performance with the incredible Doug Gordon.

All-In with Chamath, Jason, Sacks & Friedberg: Read the notes at at podcastnotes.org. Don't forget to subscribe for free to our newsletter, the top 10 ideas of the week, every Monday --------- (0:00) The Besties intro Antonio Gracias! (3:11) DOGE takes on USAID (31:44) Sacks breaks in to talk USAID (34:00) Sacks explains what he's working on: Crypto/AI Frameworks (46:41) The Democratic Party's shrinking base (52:33) US Sovereign Wealth Fund + Breaking DOGE/Tax News (1:09:07) Google to spend $75B on AI buildout in 2025, future of work in the age of AI (1:23:21) Science Corner: GLP-1 macro study Follow Antonio: https://x.com/AntonioGracias Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://en.wikipedia.org/wiki/United_States_Agency_for_International_Development https://www.wsj.com/opinion/usaid-donald-trump-elon-musk-marco-rubio-state-department-foreign-aid-8d2a1920 https://www.usa.gov/agencies/u-s-agency-for-international-development https://www.usaspending.gov/agency/agency-for-international-development?fy=2024 https://www.whitehouse.gov/fact-sheets/2025/02/at-usaid-waste-and-abuse-runs-deep https://www.wsj.com/finance/banks-sell-5-5-billion-of-x-loans-after-investor-interest-surges-4b84f89c https://www.usaspending.gov https://www.foxnews.com/media/ex-politico-reporters-reveal-editors-quashed-slow-walked-negative-biden-stories-with-no-explanation https://www.usaspending.gov/recipient/fa0cefae-7cfb-881d-29c3-1bd39cc6a49e-C/2024 https://www.bbc.co.uk/mediaaction/about/funding https://www.whitehouse.gov/presidential-actions/2025/01/reevaluating-and-realigning-united-states-foreign-aid https://x.com/susancrabtree/status/1884034727046226317 https://x.com/elonmusk/status/1886627783138316442 https://www.nbcnews.com/politics/national-security/usaid-security-leaders-removed-refusing-elon-musks-doge-employees-accercna190357 https://x.com/Jason/status/1885082871074886110 https://x.com/anc_aesthetics/status/1886176995433763188 https://x.com/wikileaks/status/1887501752213409919 https://x.com/pm_viktororban/status/1887224829352280505 https://x.com/daily_romania/status/1887883017550430435 https://x.com/kanekoathegreat/status/1887261736618893636 https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology https://x.com/davidsacks47/status/1886878016183394403 https://www.banking.senate.gov/newsroom/majority/scott-hagerty-lummis-gillibrand-introduce-legislation-to-establish-a-stablecoin-regulatory-framework https://www.washingtonpost.com/opinions/2025/02/02/rahm-emanuel-democrats-voters-kitchen-table https://www.whitehouse.gov/presidential-actions/2025/02/a-plan-for-establishing-a-united-states-sovereign-wealth-fund https://www.americanprogress.org/article/scott-bessents-3-percent-deficit-target-would-require-massive-cuts-to-anti-poverty-programs-and-middle-class-tax-increases https://abcnews.go.com/US/judge-weigh-block-doge-accessing-treasury-department-records/story?id=118498817 https://en.wikipedia.org/wiki/United_States_DOGE_Service https://x.com/libsoftiktok/status/1887585824218509380 https://fedscoop.com/wp-content/uploads/sites/5/2025/02/show_temp.pdf https://www.cnbc.com/2025/02/05/alphabet-shares-fall-7percent-on-revenue-miss-heightened-ai-investments.html https://abc.xyz/assets/a3/91/6d1950c148fa84c7d699abe05284/2024q4-alphabet-earnings-release.pdf https://x.com/SawyerMerritt/status/1886899315735507255 https://www.nature.com/articles/s41591-024-03412-w

All-In with Chamath, Jason, Sacks & Friedberg Key Takeaways  DOGE is forcing the essential question: “What is the essential role of government?”The people who are complaining the loudest about DOGE are probably the ones who have committed the most fraud DOGE found USAID making some interesting payments:$1.5 million to “advance DEI in Serbia's workplaces and business communities”$2 million for sex changes and “LGBT activism” in Guatemala $70,000 for production of a “DEI musical” in Ireland The corrupt USAID payments force the question: “What is the real grassroot support for these left-wing policies all over the world?” “We know that the US government runs a $2 trillion deficit every year; we're in debt almost $40 trillion. We also knew that anytime anyone tries to cut anything in Washington, the whole city screams bloody murder. So the question is, why? Well, now we know: the money is all going to them – it is round-tripping to them.” – David Sacks USAID paid $8 million to Politico and several million dollars to the BBC; this may help to explain why certain political controversies, such as the Hunter Biden laptop story, were buried during the 2020 election cycle The Democrats have lost their way because they have forgotten “kitchen table issues” – the things that regular people care about and discuss at their kitchen tables “A sovereign wealth fund would be a stealthy way to create industrial policy in America.” – Antonio Gracias A US sovereign wealth fund can serve as a rainy-day fund for the nation and a place to store the enormous amounts of revenue that can be created from pro-energy policies Unleashing the American Productivity Machine: AI will cause job loss, but the amount of productivity that it will also enable in the US economy will be extraordinary GLP-1 drugs aren't just for weight loss and appetite control – they might protect the brain and heart but could come with risks for digestion, kidneys, and the pancreas Read the full notes @ podcastnotes.org(0:00) The Besties intro Antonio Gracias! (3:11) DOGE takes on USAID (31:44) Sacks breaks in to talk USAID (34:00) Sacks explains what he's working on: Crypto/AI Frameworks (46:41) The Democratic Party's shrinking base (52:33) US Sovereign Wealth Fund + Breaking DOGE/Tax News (1:09:07) Google to spend $75B on AI buildout in 2025, future of work in the age of AI (1:23:21) Science Corner: GLP-1 macro study Follow Antonio: https://x.com/AntonioGracias Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://en.wikipedia.org/wiki/United_States_Agency_for_International_Development https://www.wsj.com/opinion/usaid-donald-trump-elon-musk-marco-rubio-state-department-foreign-aid-8d2a1920 https://www.usa.gov/agencies/u-s-agency-for-international-development https://www.usaspending.gov/agency/agency-for-international-development?fy=2024 https://www.whitehouse.gov/fact-sheets/2025/02/at-usaid-waste-and-abuse-runs-deep https://www.wsj.com/finance/banks-sell-5-5-billion-of-x-loans-after-investor-interest-surges-4b84f89c https://www.usaspending.gov https://www.foxnews.com/media/ex-politico-reporters-reveal-editors-quashed-slow-walked-negative-biden-stories-with-no-explanation https://www.usaspending.gov/recipient/fa0cefae-7cfb-881d-29c3-1bd39cc6a49e-C/2024 https://www.bbc.co.uk/mediaaction/about/funding https://www.whitehouse.gov/presidential-actions/2025/01/reevaluating-and-realigning-united-states-foreign-aid https://x.com/susancrabtree/status/1884034727046226317 https://x.com/elonmusk/status/1886627783138316442 https://www.nbcnews.com/politics/national-security/usaid-security-leaders-removed-refusing-elon-musks-doge-employees-accercna190357 https://x.com/Jason/status/1885082871074886110 https://x.com/anc_aesthetics/status/1886176995433763188 https://x.com/wikileaks/status/1887501752213409919 https://x.com/pm_viktororban/status/1887224829352280505 https://x.com/daily_romania/status/1887883017550430435 https://x.com/kanekoathegreat/status/1887261736618893636 https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology https://x.com/davidsacks47/status/1886878016183394403 https://www.banking.senate.gov/newsroom/majority/scott-hagerty-lummis-gillibrand-introduce-legislation-to-establish-a-stablecoin-regulatory-framework https://www.washingtonpost.com/opinions/2025/02/02/rahm-emanuel-democrats-voters-kitchen-table https://www.whitehouse.gov/presidential-actions/2025/02/a-plan-for-establishing-a-united-states-sovereign-wealth-fund https://www.americanprogress.org/article/scott-bessents-3-percent-deficit-target-would-require-massive-cuts-to-anti-poverty-programs-and-middle-class-tax-increases https://abcnews.go.com/US/judge-weigh-block-doge-accessing-treasury-department-records/story?id=118498817 https://en.wikipedia.org/wiki/United_States_DOGE_Service https://x.com/libsoftiktok/status/1887585824218509380 https://fedscoop.com/wp-content/uploads/sites/5/2025/02/show_temp.pdf https://www.cnbc.com/2025/02/05/alphabet-shares-fall-7percent-on-revenue-miss-heightened-ai-investments.html https://abc.xyz/assets/a3/91/6d1950c148fa84c7d699abe05284/2024q4-alphabet-earnings-release.pdf https://x.com/SawyerMerritt/status/1886899315735507255 https://www.nature.com/articles/s41591-024-03412-w

(0:00) The Besties intro Antonio Gracias! (3:11) DOGE takes on USAID (31:44) Sacks breaks in to talk USAID (34:00) Sacks explains what he's working on: Crypto/AI Frameworks (46:41) The Democratic Party's shrinking base (52:33) US Sovereign Wealth Fund + Breaking DOGE/Tax News (1:09:07) Google to spend $75B on AI buildout in 2025, future of work in the age of AI (1:23:21) Science Corner: GLP-1 macro study Follow Antonio: https://x.com/AntonioGracias Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://en.wikipedia.org/wiki/United_States_Agency_for_International_Development https://www.wsj.com/opinion/usaid-donald-trump-elon-musk-marco-rubio-state-department-foreign-aid-8d2a1920 https://www.usa.gov/agencies/u-s-agency-for-international-development https://www.usaspending.gov/agency/agency-for-international-development?fy=2024 https://www.whitehouse.gov/fact-sheets/2025/02/at-usaid-waste-and-abuse-runs-deep https://www.wsj.com/finance/banks-sell-5-5-billion-of-x-loans-after-investor-interest-surges-4b84f89c https://www.usaspending.gov https://www.foxnews.com/media/ex-politico-reporters-reveal-editors-quashed-slow-walked-negative-biden-stories-with-no-explanation https://www.usaspending.gov/recipient/fa0cefae-7cfb-881d-29c3-1bd39cc6a49e-C/2024 https://www.bbc.co.uk/mediaaction/about/funding https://www.whitehouse.gov/presidential-actions/2025/01/reevaluating-and-realigning-united-states-foreign-aid https://x.com/susancrabtree/status/1884034727046226317 https://x.com/elonmusk/status/1886627783138316442 https://www.nbcnews.com/politics/national-security/usaid-security-leaders-removed-refusing-elon-musks-doge-employees-accercna190357 https://x.com/Jason/status/1885082871074886110 https://x.com/anc_aesthetics/status/1886176995433763188 https://x.com/wikileaks/status/1887501752213409919 https://x.com/pm_viktororban/status/1887224829352280505 https://x.com/daily_romania/status/1887883017550430435 https://x.com/kanekoathegreat/status/1887261736618893636 https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology https://x.com/davidsacks47/status/1886878016183394403 https://www.banking.senate.gov/newsroom/majority/scott-hagerty-lummis-gillibrand-introduce-legislation-to-establish-a-stablecoin-regulatory-framework https://www.washingtonpost.com/opinions/2025/02/02/rahm-emanuel-democrats-voters-kitchen-table https://www.whitehouse.gov/presidential-actions/2025/02/a-plan-for-establishing-a-united-states-sovereign-wealth-fund https://www.americanprogress.org/article/scott-bessents-3-percent-deficit-target-would-require-massive-cuts-to-anti-poverty-programs-and-middle-class-tax-increases https://abcnews.go.com/US/judge-weigh-block-doge-accessing-treasury-department-records/story?id=118498817 https://en.wikipedia.org/wiki/United_States_DOGE_Service https://x.com/libsoftiktok/status/1887585824218509380 https://fedscoop.com/wp-content/uploads/sites/5/2025/02/show_temp.pdf https://www.cnbc.com/2025/02/05/alphabet-shares-fall-7percent-on-revenue-miss-heightened-ai-investments.html https://abc.xyz/assets/a3/91/6d1950c148fa84c7d699abe05284/2024q4-alphabet-earnings-release.pdf https://x.com/SawyerMerritt/status/1886899315735507255 https://www.nature.com/articles/s41591-024-03412-w

A member of the Mag 7 is facing post-earnings pressures: Alphabet (GOOGL) tumbled on a cloud revenue miss. Shares had touched all-time highs prior to the report. The company guided for $75B in capex spending as it continues to invest in the A.I. space. Jenny Horne delivers the latest insights. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Palantir (PLTR) just shattered earnings expectations, and the stock is exploding pre-market—up 23%! Wall Street was not ready for these numbers: ● Revenue: $827M vs. $780M expected ● EPS: $0.14 vs. $0.11 expected ● Customer Growth: +43% ● Full-Year Outlook: Raised to $3.75B vs. $3.5B expected And then there's Alex Karp, dropping bombshells about AI, China, and why Palantir's success might be too good for the competition. But here's the real question—what happens next? Will this be a gap and go or a gap and crap? In this video, we break down: ● Why Palantir's run-up into earnings was the real trade. ● How expected move calculations tricked traders. ● The #1 mistake options traders made (and why selling premium can be a disaster). ● Why SoFi (SOFI) hit a wall despite strong earnings. This isn't just about one earnings report—it's about how to trade them the right way. Let me know in the comments how you're playing PLTR!

The Left is in a tizzy over President Trump and Elon Musk are taking aim at USAID, a long time money-laundering vehicle for Deep State pet issues and projects, and its abuses of taxpayer money. Dr. Jerome Corsi looks into what's happening on The Truth Central. Also:Where did $102 BILLION DOLLARS in Ukraine Aid go?  Volodymyr Zeleenskyy says he only received $75B out of $177B earmarked for his country.Archbishop VIgano issues another letter to Catholics If you like what we are doing, please support our Sponsors:Get RX Meds Now: https://www.getrxmedsnow.comMyVitalC https://www.thetruthcentral.com/myvitalc-ess60-in-organic-olive-oil/Swiss America: https://www.swissamerica.com/offer/CorsiRMP.phpGet Dr. Corsi's new book, The Assassination of President John F. Kennedy: The Final Analysis: Forensic Analysis of the JFK Autopsy X-Rays Proves Two Headshots from the Right Front and One from the Rear, here: https://www.amazon.com/Assassination-President-John-Kennedy-Headshots/dp/B0CXLN1PX1/ref=sr_1_1?crid=20W8UDU55IGJJ&dib=eyJ2IjoiMSJ9.ymVX8y9V--_ztRoswluApKEN-WlqxoqrowcQP34CE3HdXRudvQJnTLmYKMMfv0gMYwaTTk_Ne3ssid8YroEAFg.e8i1TLonh9QRzDTIJSmDqJHrmMTVKBhCL7iTARroSzQ&dib_tag=se&keywords=jerome+r.+corsi+%2B+jfk&qid=1710126183&sprefix=%2Caps%2C275&sr=8-1Join Dr. Jerome Corsi on Substack: https://jeromecorsiphd.substack.com/Visit The Truth Central website: https://www.thetruthcentral.comGet your FREE copy of Dr. Corsi's new book with Swiss America CEO Dean Heskin, How the Coming Global Crash Will Create a Historic Gold Rush by calling: 800-519-6268Follow Dr. Jerome Corsi on X: @corsijerome1Become a supporter of this podcast: https://www.spreaker.com/podcast/the-truth-central-with-dr-jerome-corsi--5810661/support.

In this episode of the Dakota Fundraising News Podcast, Pat and Konch cover updates across job changes, RIA/FA M&A, institutional coverage, and fundraising. Highlights include Patrick Charbonneau being named CIO of PSP Investments, Jeffrey Chang joining NYU as Managing Director of Investments, and Christopher Wolfe becoming President and CIO at Pennington Partners & Co. In M&A, Focus Financial acquired $4.16B Seattle RIA Merriman Wealth, and Compound Planning recruited four advisors with 50 years of combined experience. Institutional updates feature Boston Retirement System's hedge fund search, Connecticut Retirement Plans' $6.75B 2025 pacing plan, and recent commitments like $250M to Strategic Value Special Situations Fund VI. Fundraising news includes Fengate closing its fourth infrastructure fund at $1.1B and GCM Grosvenor raising $800M for its first Emerging Managers Fund. Stay tuned for more insights in upcoming episodes!

New year, new movies! Matthew and Ryan kick things off with their latest movie picks from the holidays, and the standout moments from the Golden Globe Awards. We look back at 2024's box office results, diving into the audiences of the holiday hits - Mufasa: The Lion King, Sonic The Hedgehog 3, and Nosferatu. Plus, the duo preview an exciting lineup of movies for 2025 on this week's Behind the Screens. Topics and times: Matthew & Ryan's holiday picks - 0:32 Golden Globe Awards recap - 4:02 2024 box office wrap-up - 6:01 2025 preview - 8:44 Mufasa: The Lion King box office overview - 10:46 Sonic The Hedgehog 3 box office overview - 11:18 Nosferatu box office overview - 12:42 Wicked box office overview - 14:10 Mufasa: The Lion King audience analysis - 14:49 Sonic The Hedgehog 3 audience analysis - 20:50 Nosferatu audience analysis - 23:22 Next week - 27:03 Box Office Overview: 2024's domestic box office finished with $8.75B (-3.3% from 2023), with the global box office at $30.5B(-10% from 2023). Mufasa: The Lion King added $23.8M domestically and adding $53.5M internationally, bringing the global total to $476.4M. Sonic The Hedgehog 3 took another $21.2M domestically and $5.2M internationally, bringing its cumulative total to $336M, and the franchise to over $1B worldwide. Nosferatu crossed $100M worldwide with $69.4M domestically and $31M internationally. Moana 2 about to cross $1B worldwide with $960.5M cume, adding $38.4M this past weekend Wicked has become the highest grossing Broadway adaptation ever worldwide with a $681.3M global cume.

Wat een bullish week! Tijdens de opname knalt bitcoin door de $98.000! We beginnen dus direct met een marktupdate van Bert. Hoe kijkt hij naar de bull-markt? Daarna gaan we door naar het nieuws en bespreekt Peter wat hem opviel op X deze week. We sluiten af met een ander hot topic: MicroStrategy. Hoe werkt de strategie van Saylor eigenlijk? Wat zijn de risico's? Hoe kan het fout (of goed) gaan? Veel luisterplezier! Probeer Bitcoin Alpha 2 weken gratis! Meld je aan voor de meetup op 24 januari Satoshi Radio wordt mede mogelijk gemaakt door: Amdax, Watson Law, HVK Stevens en onze hoofdsponsor Bitvavo. Timestamps (00:00:00) Welkom en Podcast Introductie (00:18:00) Bookmark van Peter (00:18:00) Marktupdate van Bert (01:12:00) Is Peter bullish genoeg?! (01:20:00) Bookmark van Peter: Memecoincorrectie, maar niet voor… chillguy (01:25:00) Bookmark van Peter: Bitcoin is nu het grootste “wealth transfer”-programma wereldwijd (01:35:00) Bookmark van Peter: Zet Trump een ‘crypto czar' onder zich? (01:44:00) Bookmark van Bart: Introducing umbrelOS 1.3. & Nieuwe BitAxe update & Strike DCA tool (01:47:00) Bookmark van Bart: Shitcoins are the primary transaction type on bitcoin (01:50:00) Hoe zit het met MicroStrategy? (02:29:00) Einde Bookmarks Bert:Geen intrinsieke waarde Bart:Bob Loukas snapt niet waarom mensen nog Microstrategy vasthoudenShitcoins are the primary transaction type on bitcoinRazzlekhan is terugEn ze moet de bak inIntroducing umbrelOS 1.3.Nieuwe BitAxe updateMicroStrategy has acquired 51,780 BTCMicroStrategy Announces Proposed Private Offering of $1.75B of Convertible Senior Notes.Given high demand, we upsized from $1.75 billion to $2.6 billion$MSTR most traded stock in de VS$MSTR bij 100 grootste aan Amerikaanse beurzen genoteerde bedrijvenMichael Saylor bij Cantor The Bitcoin Industrial Complex crushed their record today with $50b in volume Peter:Memecoincorrectie, maar niet voor… chillguyBitcoin is nu het grootste “wealth transfer”-programma wereldwijdZet Trump een ‘crypto czar' onder zich?

Join Danny, Molly, Zakk and Dave for industry-led opinions on important Bitcoin stories from the week. This week's topics: 00:00 - Intro 02:04 - Bitcoin price 05:32 - Public AI firm Genius Group adopts 90% Bitcoin treasury strategy 05:58 - Genius Group surges 66% after announcing Bitcoin treasury strategy 09:04 - Ross Ulbricht thanks Trump and says he trusts him to release him 09:48 - Trump considering Executive Order for National Bitcoin Reserve 16:01 - Pennsylvania bill for strategic Bitcoin reserve 17:01 - Scottie Pippin met Satoshi Nakamoto in 1993 19:42 - Pentagon fails 7th audit in a row, unable to account for $824B budget 22:58 - Senator Lummis says Treasury should convert gold for Bitcoin reserve 25:35 - Polish presidential candidate pledges support for Bitcoin reserve 31:58 - RFK Jnr: “Bitcoin is the currency of freedom” 34:32 - MicroStrategy acquires 51,780 BTC for ~$4.6 billion 35:12 - MicroStrategy announces private offering of $1.75B of convertible notes 37:11 - BlackRock Bitcoin ETF options launch 40:25 - Trump Media & Technology Group in advanced talks to purchase crypto trading platform Bakkt for $100M 40:38 - Trump and Coinbase CEO Brian Armstrong to discuss personnel appointments 45:36 - Dear Dave: NVK on FOSS Bitcoin products Britcoiners is a Bitcoin podcast by CoinCorner (https://www.coincorner.com) - a global leader in Bitcoin and Lightning services. Join our Telegram: https://t.me/britcoiners Follow Britcoiners on X: https://x.com/britcoiners Follow CoinCorner on X: https://x.com/coincorner #coincorner #britcoiners #bitcoin #bitcoinpodcast #bitcoinnews

This week's Espresso covers news from Klar, Educbank, Fairplay, and more!Outline of this episode:[00:27] – Klar launches platinum credit card[00:37] – Educbank raises $14.5M through the issuance of corporate bonds[00:57] – Fairplay secures $35M credit line from BBVA Spark[01:19] – Ualá raises $300M Series E and reaches $2.75B valuation[01:38] – Tako raises $13.2M seed round from a16z and Ribbit Capital[01:58] – Cometa raises $12M Series A to optimize school administration[02:13] – Interview with Andrés Benavides CEO & Cofounder of Cometa[10:43] – Lerian raises $3.1M in a round led by MAYA Capital[11:00] – Influur raises $10M in series A round[11:11] – Pravaler raises $75M in FIDCs[11:24] – Tumoni raises $2.3M in pre-seed round[11:44] – Asia Shipping acquires Hórus Logística[12:00] – Blip raises $60M in series C round[12:20] – LatamList Roundup November 1st – 15thResources & people mentioned:Startups: Klar, Educbank, Fairplay, Ualá, Tako, Cometa, Lerian, Influur, Pravaler, Tumoni, Asia Shipping, Hórus Logística, BlipVCs: BBVA Spark, Allianz X, a16z, Ribbit Capital, Reach Capital, MAYA Capital, Point72 Ventures, HTwenty Capital, Slauson & Co, Counterview Capital, Warburg PincusPeople: Andrés Benavides

Naturally, we're in a busy period for Bitcoin as it chases yet another all-time high, so there is a lot to catch you up on. Robert F. Kennedy Jr. said he put most of his wealth into Bitcoin alongside buying two BTC for every one of his seven children, MicroStrategy buys $4.6B billion more Bitcoin and is raising funds for another $1.75 billion purchase, while the Puell Multiple is approaching a score that often precedes a price rally of about 90%. Elsewhere, Goldman Sachs is turning its crypto platform into a standalone company and the crypto world feels a little uneasy about Binance's BFUSD offering.Further reading:‘I put most of my wealth into Bitcoin, so I am fully committed' — RFK Jr.MicroStrategy buys $4.6B of Bitcoin as price nears all-time highMicroStrategy to raise $1.75B with 0% interest notes to buy BitcoinBitcoin metric breakout teases 'inevitable' 90% BTC price rally nextGoldman Sachs to spin out crypto platform: ReportBinance clarifies BFUSD isn't a stablecoin as X gets Terra flashbacksRise'n'Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph's Twitter: @CointelegraphCointelegraph's website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants' alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast's participants may or may not own any of the assets mentioned.

Episode 616: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about what they are doing in response to the market dip, plus The Olympics biggest winners and losers of the week.  Show Notes:  (0:00) Boys React: The market dip (4:32) React or respond? (10:48) The Olympics winners and losers (19:03) Winner: Fem Kabul (21:26) Winner: Team Refugees (24:48) Loser: Simone Biles and Gymnastics in general (27:30) Loser: Pole vault guy memes (28:18) Winner: Noah Lyles (30:41) Loser: The Olympic's programming (34:00) The $75B dollar uniform rental empire (38:18) Building a line of succession for your business — Links: • Get our business idea database here https://clickhubspot.com/mfm • Cintas - https://www.cintas.com/ — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it's called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

In this week's episode, we discuss the stock market correction, Buffett selling $75B worth of stock in Q2, and Elon Musk is suing advertisers for not advertising on X! The Young Investors Podcast is now available on YouTube, Apple Podcast, Spotify & most other platforms! Spotify: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://open.spotify.com/show/2caCydo...⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Apple: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://podcasts.apple.com/au/podcast...⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ★ ★ OUR CHANNELS ★ ★ Hamish: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/hamishhodder⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Brandon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/channel/UCvSX...⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ★ ★ FOLLOW US ★ ★ Instagram (Hamish) ► hamishhodderofficial Instagram (Brandon)► new.money.official Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠#1305795⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ of Guideway Financial Services Pty Ltd, AFSL ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠#420367⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's FSG available from guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.

This was a week of highs, lows, and questions marks. First, Carl and Eitan marvel at the enormous power of Inside Out and its incredible box office run (which doesn't seem to be ending anytime soon), and what it could mean for their prediction of Disney making exactly $3.75B at the box office this year. They later try to come up with some crazy accounting that could help explain a report about MoviePass having a profitable year last year. Towards the end of the episode they close by breaking down the latest Netflix marketing stunts: "Houses" and popcorn.

Dr Bernie Mullin is a groundbreaking sport and entertainment industry executive who's turned around franchises, set all-time revenue and attendance records, and generated $1.5+ billion in revenues for brands from the NFL to the US Open Tennis with his agency, Aspire Marketing Group. He was CEO of NBA and NHL teams and CMO of the NBA. He's also a globally acclaimed speaker, podcaster, author, and humanitarian who has served on multiple boards, including the United Way; YMCA; and Make a Wish Foundation. His The Aspire Difference Foundation (TADF) focuses on supporting single parents with preschool children. All net proceeds from his consulting, podcasts and books go to support TADF. His new book is Reimagining America's Dream: Making It Attainable for All Learn more at: www. berniejmullin.com GUEST WEBSITE: www. berniejmullin.com SOCIAL MEDIA: https://www.linkedin.com/in/bernie-mullin-6852a18 https://twitter.com/bernard_mullin Hashtags: #RAD#MakingItAttainable#Dr B#DrBPodcasts This segment is about how to help all Americans achieve the American Dream — by the first immigrant CEO of a US Major League team turned global marketing expert. Big idea: Pew Research identified ten key issues stopping too many Americans from attaining the American Dream. The best way to address them is with simple, cost-effective solutions, starting with giving every child a true head start. Why it matters: Toxicity and political division in the U.S. have a terrible impact on Americans, creating roadblocks to education, family health, income growth, criminal justice and more. Income equality is getting worse and educational access is wildly disparate. But to unify a nation we need to stop pointing fingers — and get to work. Key messages: One man looked at his own journey from immigrant to CEO of a company earning $1.75B in revenue — who has created immense generational wealth for his own family — and saw practical approaches that translate into social good for all. He created a roadmap for revitalizing the futures of countless Americans. The author can also discuss: • How to empower today's youth through education — with a national investment that provides a head start for all. • Why generational wealth is so critical for our future — and how to create it. • How to solve America's 10 key social problems within one single generation. • How to reinstate the U.S. as the "world's cop," ensuring peaceful co-existence and balancing global trade and world affairs. • How to unify the nation with PAL, an ethos/ greeting campaign based on Peace and Love. • Why the author donates all book proceeds to The Aspire Difference Foundation for single parents of preschool children. The source: Dr Bernie Mullin is a groundbreaking sport and entertainment industry executive who's turned around franchises, set all-time revenue and attendance records, and generated $1.5+ billion in revenues for brands from the NFL to the US Open Tennis with his agency, Aspire Marketing Group. He was CEO of NBA and NHL teams and CMO of the NBA. He's also a globally acclaimed speaker, podcaster, author, and humanitarian who has served on multiple boards, including the United Way; YMCA; and Make a Wish Foundation. His The Aspire Difference Foundation (TADF) focuses on supporting single parents with preschool children. All net proceeds from his consulting, podcasts and books go to support TADF. His new book is Reimagining America's Dream: Making It Attainable for All.

Noticias Económicas y Financieras Para los inversores en el sector, la orientación puede ser casi tan importante como los resultados, ya que los mercados ahora están considerando menos recortes de tipos (si los hay) para 2024. Esta mañana se publicarán las ganancias del primer trimestre de JPMorgan Chase $JPM, Citigroup $C y Wells Fargo $WFC. Goldman Sachs $GS le seguirá el lunes, y Morgan Stanley $MS y Bank of America $BAC publicarán sus cifras trimestrales el martes. Muchos temas también estarán de guardia en las próximas sesiones, incluso para aquellos que no invierten en la industria bancaria. Las provisiones para pérdidas crediticias pueden ofrecer una ventana a cómo esperan los bancos que se mantenga la economía y arrojarán luz sobre la viabilidad de los bienes raíces comerciales. El gasto de los consumidores también estará en el centro de atención, y no olvidemos los comentarios sobre la situación macro de algunos de los directores ejecutivos más importantes de Wall Street. ¿Los robots y las nuevas tecnologías están quitando puestos de trabajo a los humanos? Es un mito, según Stefano La Rovere, director de robótica global de Amazon $AMZN. El uso de nuevas tecnologías ha creado más de 700 nuevas categorías laborales y ha mejorado más de 50.000 puestos de trabajo en los centros logísticos de Amazon en Europa, incluida la eliminación de movimientos repetitivos y la ayuda a levantar pesos pesados. Amazon invirtió recientemente otros $2.75B en la startup de IA Anthropic, pero no todos sus nuevos esfuerzos tecnológicos han llegado a la meta, como su plan de comprar el fabricante de Roomba iRobot $IRBT debido a preocupaciones antimonopolio. 323 medicamentos escasearon en los EE. UU. durante el primer trimestre de 2024, lo que marca el nivel más alto registrado desde que la Sociedad Estadounidense de Farmacéuticos del Sistema de Salud comenzó a rastrear los datos en 2001. $BA Boeing descubre que los ejecutivos obtuvieron 500.000 dólares adicionales en vuelos en jet privado. $F Ford recorta los precios de la F-150 Lightning a medida que se reanudan los envíos. $KMX CarMax se desliza después de que los problemas de asequibilidad de los vehículos afecten los resultados. $PARA Skydance se reunirá con la gerencia de Paramount $PARA la próxima semana.

The hosts are joined by Liz Hyman, President and Chief Executive Officer of the XR Association (XRA), the trade association promoting the dynamic growth of the XR industry. First up in the news, Amazon doubles down on Anthropic AI as it adds $2.75B to its previous $1.25B investment. OpenAI's text-to-video generator Sora goes to Hollywood, but what will - or can - it really create? Databricks creates a competitive LLM for just $10M. Liz Hyman joins us to talk about the immersive industry associations' legislative accomplishments and the challenges facing the industry, including copyright, trademark, and patent regulations - and enforcement. Thank you to our sponsor, Zappar!Don't forget to like, share, and follow for more! Follow us on all socials @ThisWeekInXR!https://linktr.ee/thisweekinxr Hosted on Acast. See acast.com/privacy for more information.

Amazon's $2.75 billion investment in Anthropic, a top player in AI research and development, is the largest outside investment in history and could have significant implications for the AI arms race. The potential economic explosion caused by AI is explored in a Vox article, discussing how AI could cause economic growth at a scale never seen before. Anthropic's Claude 3 Opus language model has unseated OpenAI's GPT-4 on Chatbot Arena, marking a notable moment in the relatively short history of AI language models. Three impressive AI research papers are discussed, including a reproduction of OpenAI's TL;DR summarization work using Reinforcement Learning from Human Feedback, a joint model for list-aware retrieval that achieved state-of-the-art performance, and ViTAR, a cost-effective solution for enhancing the resolution scalability of Vision Transformers. Contact:  sergi@earkind.com Timestamps: 00:34 Introduction 01:50 Amazon Invests $2.75B in Anthropic 03:29 How AI could explode the economy and how it could fizzle 04:39 “The king is dead”—Claude 3 surpasses GPT-4 on Chatbot Arena for the first time 06:17 Fake sponsor 08:02 The N+ Implementation Details of RLHF with PPO: A Case Study on TL;DR Summarization 09:24 List-aware Reranking-Truncation Joint Model for Search and Retrieval-augmented Generation 10:53 ViTAR: Vision Transformer with Any Resolution 12:46 Outro

Zamir Kazi, CEO of ZMR Capital, joins host Slocomb Reed on the Best Ever Show. A college dropout who learned how to renovate properties by watching YouTube, Zamir now has 50 properties with more than 10,000 units under management. In this episode, Zamir discusses the “perfect storm” that has given rise to distress, his 200-plus unit buy box, and why he's being patient and waiting for the right time — which he says is coming — to buy in the face of the wave of upcoming distress. Zamir Kazi | Real Estate Background CEO of ZMR Capital Portfolio: $1.75B+ assets currently under mgmt. 8,000+ units. Based in:  LA and Tampa, FL Say hi to him at:  LinkedIn Best Ever Book: Shoe Dogs by Phil Knight   Sponsors: Viking Capital

This is a free preview of a premium episode. To subscribe to Down Round Premiun and get access, head here. The gaming world was ablaze over the past few weeks over reports that Xbox was throwing in the towel and letting some of its biggest exclusive titles go to its eternal rival, the PlayStation. It riled up the Xbox ultras and raised questions about how committed Microsoft is to console gaming – despite its monster $75B acqusition of Activision-Blizzard. It ended up being a little less dramatic than anticipated. But it still raises questions about Microsoft's strategy in gaming, and how the world's biggest company is approaching the rapidly growing -- and increasingly unstable --  gaming market. Links Microsoft is slowly building to a future where ‘every screen is an Xbox - The Verge Microsoft: four Xbox-exclusive games are coming to PS5 and Nintendo Switch – The Verge Sony's value reportedly dropped by $10 billion following ‘disappointing' PlayStation financials See omnystudio.com/listener for privacy information.

The New York Yankees will no longer have Wandy Peralta in the bullpen because he signed a four-year/$16.5MM contract with the San Diego Padres. Peralta has reunited with Michael King, Kyle Higashioka, and the rest of the guys who were part of the Juan Soto trade. Stacey and Steve discussed the contract (which has three opt-outs) and losing Wandy. They also discuss the left-handed options the Yankees have remaining in the bullpen for 2024. Then, it's Fanmail Friday! Stacey and Steve, answer your questions about the Yankees and about Scott Boras clients! Finally, the Orioles were sold for $1.75B, and Stacey and Steve talk about what that could mean for the Yankees and the rest of the AL East. And speaking of the Orioles, Aaron Hicks, who played there last year, and who is obviously a former Yankee, signed an MLB deal with the Angels for 2024.  Join the LOY Insiders Club via subtext! https://joinsubtext.com/lockedonyankees What is the insider's club? https://youtu.be/BItWi-kbIJY?t=1468 Subscribe on YouTube: https://www.youtube.com/channel/UCH5857VCyYLAzsWr9vHk4sQ Follow Stacey On Twitter: https://twitter.com/StaceGots Subscribe to Steve's YouTube: https://www.youtube.com/@stevegranado Follow Steve On Twitter: https://twitter.com/SteveGranado Follow the Show On Twitter: https://twitter.com/LockedOnYankees Support Us By Supporting Our Sponsors! Factor Meals Head to FactorMeals.com/lockedonmlb50 and use code lockedonmlb50 to get 50% off.  eBay Motors With all the parts you need at the prices you want, it's easy to turn your car into the MVP and bring home that win. Keep your ride-or-die alive at EbayMotors.com. Eligible items only. Exclusions apply. eBay Guaranteed Fit only available to US customers. Gametime Download the Gametime app, create an account, and use code LOCKEDON for $20 off your first purchase. FanDuel New customers, join today and you'll get TWO HUNDRED DOLLARS in BONUS BETS if your first bet of FIVE DOLLARS or more wins. Visit FanDuel.com/LOCKEDON to get started. FANDUEL DISCLAIMER: 21+ in select states. First online real money wager only. Bonus issued as nonwithdrawable free bets that expires in 14 days. Restrictions apply. See terms at sportsbook.fanduel.com. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, MD, MI, NJ, PA, IL, VA, WV), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 (WY, KS) or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), 1-877-8-HOPENY or text HOPENY (467369) (NY), TN REDLINE 1-800-889-9789 (TN) Learn more about your ad choices. Visit podcastchoices.com/adchoices

The New York Yankees will no longer have Wandy Peralta in the bullpen because he signed a four-year/$16.5MM contract with the San Diego Padres. Peralta has reunited with Michael King, Kyle Higashioka, and the rest of the guys who were part of the Juan Soto trade. Stacey and Steve discussed the contract (which has three opt-outs) and losing Wandy. They also discuss the left-handed options the Yankees have remaining in the bullpen for 2024. Then, it's Fanmail Friday! Stacey and Steve, answer your questions about the Yankees and about Scott Boras clients! Finally, the Orioles were sold for $1.75B, and Stacey and Steve talk about what that could mean for the Yankees and the rest of the AL East. And speaking of the Orioles, Aaron Hicks, who played there last year, and who is obviously a former Yankee, signed an MLB deal with the Angels for 2024. Join the LOY Insiders Club via subtext! https://joinsubtext.com/lockedonyankeesWhat is the insider's club? https://youtu.be/BItWi-kbIJY?t=1468Subscribe on YouTube: https://www.youtube.com/channel/UCH5857VCyYLAzsWr9vHk4sQFollow Stacey On Twitter: https://twitter.com/StaceGotsSubscribe to Steve's YouTube: https://www.youtube.com/@stevegranadoFollow Steve On Twitter: https://twitter.com/SteveGranadoFollow the Show On Twitter: https://twitter.com/LockedOnYankeesSupport Us By Supporting Our Sponsors!Factor MealsHead to FactorMeals.com/lockedonmlb50 and use code lockedonmlb50 to get 50% off. eBay MotorsWith all the parts you need at the prices you want, it's easy to turn your car into the MVP and bring home that win. Keep your ride-or-die alive at EbayMotors.com. Eligible items only. Exclusions apply. eBay Guaranteed Fit only available to US customers.GametimeDownload the Gametime app, create an account, and use code LOCKEDON for $20 off your first purchase.FanDuelNew customers, join today and you'll get TWO HUNDRED DOLLARS in BONUS BETS if your first bet of FIVE DOLLARS or more wins. Visit FanDuel.com/LOCKEDON to get started.FANDUEL DISCLAIMER: 21+ in select states. First online real money wager only. Bonus issued as nonwithdrawable free bets that expires in 14 days. Restrictions apply. See terms at sportsbook.fanduel.com. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, MD, MI, NJ, PA, IL, VA, WV), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 (WY, KS) or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), 1-877-8-HOPENY or text HOPENY (467369) (NY), TN REDLINE 1-800-889-9789 (TN) Learn more about your ad choices. Visit podcastchoices.com/adchoices

A reminder for new readers. That Was The Week collects the best writing on critical issues in tech, startups, and venture capital. I selected the articles because they are of interest. The selections often include things I entirely disagree with. But they express common opinions, or they provoke me to think. The articles are only snippets. Click on the headline to go to the original. I express my point of view in the editorial and the weekly video below.Thanks To This Week's Contributors: @TEDchris, @LilyWhitsitt, @RocketToLulu, @saeedtaji, @geneteare, @EricNewcomer, @jeffbeckervc, @jasonlk, @elonmusk, @benshapiro, @StevenLevy, @apple, @bheater, @bmw, @Growcoot, @illscience, @venturetwins, @omooretweets, @conniechanContents* Editorial: Civility and Civilization* Essays of the Week* US Seed Investment Actually Held Up Pretty Well For The Past 2 Years. Here's What That Means For 2024* Lower Valuations, Higher Bar: What It's Like To Raise A Seed Round In 2024 * Unicorns & Inevitabilities* Sequoia, Founders Fund, USV, Elad Gil & Benchmark Top Venture Manager Survey* Why 2024 May Be Tougher on Venture Capital Than 2023* Video of the Week* The Mac at 40* AI of the Week* BMW will deploy Figure's humanoid robot at South Carolina plant* Google's New AI Video Generator Looks Incredible* OpenAI's Sam Altman seeks funds for AI chip factories as demands surge* The Future of Prosumer: The Rise of “AI Native” Workflows* Andreessen Horowitz's Connie Chan to Leave as Consumer Focus Shifts to AI* OpenAI Is a (Relative) Steal* News Of the Week* Ted fellows resign from organisation after Bill Ackman named as speaker* Tesla's Slowdown Disqualifies It From ‘Magnificent Seven' Group* TikTok's Testing 30 Minute Uploads as It Looks To Expand Its Content Options* Instagram to scan under-18s' messages to protect against ‘inappropriate images'* Tiger Global Investor Relations Staff Depart After Fundraising Challenges* Worldcoin hints at new Orb for a friendlier iris-scanning experience* Startup of the Week* Loyalty Startup Bilt Rewards Hits $3.1B Valuation After $200M Round* X of the Week* Elon Musk visits Auschwitz with Ben ShapiroEditorialThere is a lot to digest in this week's newsletter. Gené Teare's two essays on Seed investing head up the Essays of the Week, along with Jeff Becker talking about unicorns and inevitabilities, Eric Newcomer on who are the top investors and Jason Lemkin on the reasons 2024 might be harder for Venture Capital than 2023.But my attention was distracted from venture capital by a Guardian article announcing (triumphantly, I might add) that several TED fellows had resigned from the organization due to an invite to Bill Ackman to speak at this year's TED event in Vancouver.“Lucianne Walkowicz and Saeed Taji Farouky accuse Ted of taking anti-Palestinian stand over controversial billionaire's inclusion”It seems Ackman is not alone. They also object to Bari Weiss being invited. The leavers are also not alone; up to 30 others have signed a “solidarity” letter.The accusations echo much of the discussion around the medieval assassination of Jews on 7 October and Israel's efforts to defeat Hamas in the aftermath. Because these speakers are against anti-Semitism and so supportive of Israel's war against Hamas, they are accused of the ridiculous claim of supporting “Genocide” against Palestinians.“We refuse for our work and identities to be exploited to promote the Ted brand while the organisation and its speakers generate income and advance their careers through dehumanising Palestinians and justifying their genocide,” the pair said.It probably will not surprise readers of this newsletter that I applaud TED curators Chris Anderson and Lily James Olds for not backing down on the invitations. Whatever one believes about the current conflict in Israel, it is clear that banning opponents of anti-Semitism because of their stance is not a solution to anything. I believe the cause of fighting anti-Semitism should be close to the heart of any progressive person. It is not anti-Palestinian to support Jews against being slaughtered in the street, to oppose anti-Semitism, or to condemn Hamas as anti-Jewish murderers. Supporting Jews against slaughter by Hamas is not incompatible with supporting Palestinians. The Guardian reported that Ackman responded to the resignations with a statement:“I stand unapologetically with Israel and against antisemitism and terrorism, while strongly supporting the Palestinian people. Attempts to cancel speech and eliminate the free and respectful exchange of ideas among people with differing views are driving much of the divisiveness that plagues our nation. Truth, wisdom and ultimately peace are the result of the free exchange of ideas and debate, precisely what Ted is all about. It is sad that this is not more widely understood,”Unsurprisingly, one of the resigners, Farouky, told the Guardian he did not regard the issue as freedom of speech. It clearly IS about freedom of speech. Speech only needs protecting when opinions are wide apart and strongly held.For example, here are my views on the actual issues:These are trying times. Over 25,000 deaths in Gaza are hard to comprehend. And I certainly cannot. But I can understand that Jews have to defend themselves. And I can understand that progressive thinkers MUST stand up to anti-Semitism, whatever form it takes.In case there is doubt about my support for Muslim victims of racism, my book Under Seige is about the attacks on Muslims in the UK between 1961 and 1981. It starts with recognizing that racism targets differences and that Jews and Muslims are both targets. Indeed, the very ghettoes that Pakistani and Bengali immigrants were being attacked in had earlier, in the 1930s, been inhabited by Jewish settlers fleeing pogroms. I am not Jewish, and I am not Muslim. But I will always be on both of their sides when they are attacked for their ethnic and racial origin.In Israel, Jews were killed for being Jews. Palestinians are being killed because Hamas is hiding in their cities and buildings. I do not consider Israel's response to be racist against Palestinians. I consider it reasonable in the context of 7 October. I consider that Hamas has done this to Palestinians and probably wanted that outcome. I am sad that Hamas has done this for the Palestinian victims. But I do not doubt that Hamas is to blame.My views may anger you. But do you want me banned or silenced?My title this week is Civility and Civilization. The TED events bring both to the fore. Like those I write here, opinions are there to be disagreed with, debated, and interrogated. Civilized behavior requires dialogue and civility within the dialogue. I certainly understand opinions I disagree with, and far from banning them or walking away so that I do not have to hear them, I want to hear them. We all should.This is a different editorial than usual. I hope the humanity of refusing to forget 7 October and the determination to preserve the view that fighting anti-Semitism is a non-negotiable minimum requirement of civilization are grasped. By the same token, Islamaphobia must be fought. But in Israel, there is no Islamophobia at work. Jews are simply reacting to an atrocity. They are right to blame Hamas.Essays of the WeekUS Seed Investment Actually Held Up Pretty Well For The Past 2 Years. Here's What That Means For 2024Gené Teare, January 24, 2024, @geneteareEditor's note: This is the first in a two-part series on the state of seed startup investing at the start of 2024. Check back tomorrow for Part 2.Despite a broad pullback in global startup investment over the past two years, investors say the U.S. seed funding environment was the most vibrant compared to other funding stages during the downturn.In fact, U.S. seed funding in 2022 grew by close to 10% in terms of dollars invested, in contrast to a downturn at all other funding stages. In 2023, U.S. seed funding fell 31% — a significant proportion — but still less than other funding stages year over year, an analysis of Crunchbase data shows. (It's also worth noting that those other stages had already experienced year-over-year declines in 2022.)In the current startup funding market, “we're seeing a lot more great talent excited about starting things,” said Renata Quintini, co-founder of Renegade Partners, a Bay Area-based investment firm that focuses on Series A companies and is therefore close to the seed ecosystem.Other investors share that enthusiasm. “Valuations are coming down, more talent is available in the market,” said Michael Cardamone of New York-based seed investor Forum Ventures. “A lot of these companies at seed and Series A are going to scale into what will likely be the next bull market.”Seed trends over the decadeSeed as an asset class, not surprisingly, has grown in the U.S. over the past decade. In 2014 less than $5 billion was invested at seed. At the market peak in 2022, seed investment was more than $16 billion, although it fell to $11.5 billion in 2023.Despite the downturn, seed funding in 2023 was still $2 billion to $3 billion higher in the U.S. than in the pre-pandemic years of 2019 and 2020.Higher bar, pricier rounds, better valuedBut in a tougher market, seed investors are being more selective about which companies they fund.“We're being far more disciplined and patient knowing how hard it is for these companies to get to Series A and beyond,” said Jenny Lefcourt, a general partner at Bay Area-based seed investor Freestyle Capital. “Our bar for conviction is higher than it had been in the heyday where everything was getting funded.”In the slower funding environment, the firm has been investing later at the seed stage, “gravitating toward ‘seed plus' or ‘A minus' — pick your favorite term for it — because I feel like I get to see more risk mitigated. I get to see more data,” she said.Freestyle seeks to have ownership of around 12% to 15% in the companies it backs. “The reason is because of our model,” Lefcourt said. “We are low-volume, high-conviction investors.”And because the firm invests in companies that are pre-Series A, “our reality has been that our valuations have actually been higher in this market, which is not what we would have predicted.“But the data we've seen is, we're not alone in that,” she said.…MoreLower Valuations, Higher Bar: What It's Like To Raise A Seed Round In 2024 Gené Teare, January 25, 2024, @geneteareEditor's note: This is the second in a two-part series on the state of seed startup investing at the start of 2024. Read Part 1, which looked at seed funding trends over the past decade and the median time period between seed and Series A funding, here.Seed funding to startups has grown into its own asset class over the past decade, with round sizes trending larger, and a bigger pool of investors backing these nascent startups. But in the aftermath of 2021's venture funding heyday and subsequent pullback, investors say that while seed funding has held up better than other startup investment stages, these very young startups will see lower valuations and must now clear a much higher bar to get backing.More companies raised seed funding above $1 million in 2021. Those companies — which raised during a record-smashing year for venture funding — are saddled with valuations that could be too high for this current market — even at seed. Many of those startups have been forced to cut costs to extend their runways, and face a tougher sales environment.“You could then be sacrificing growth, which is one of the main levers that Series A investors are looking for,” said Michael Cardamone of New York-based seed investor Forum Ventures.2021 after effectsIn 2021 it was “grow, grow, grow, grow,” said Jenny Lefcourt, a general partner at Bay Area-based seed investor Freestyle Capital. “It's embarrassing to look back on, but that was the game being played.”Investors got sloppy during the boom times, she said. “I think a lot of VCs were thrilled to back you, and then say, ‘we'll figure it out.' ”“The reality is that almost anything that was done then — call it 2021 — was the wrong price,” she said.This led to down rounds, even at seed, though those are generally not viewed negatively like they were in the past, she said.In fact, “when our companies get their down rounds done, it's a sign of it's a good business. It just had the wrong price on it,” she said.While the bar is higher to raise funding these days, “I think it's so much better for a company who gets to start in this environment,” Lefcourt said.Down rounds can actually be a sign of conviction, she said. “None of us would do all the heavy lifting to not only give the company more capital, but recap it, which takes a lot. It's a heavy lift — none of us would do that if we weren't super jazzed about the company. The lazier approach, the easier approach, is to just put it on the note, keep it flat, and be done,” she said.Renata Quintini, co-founder of Renegade Partners, a Bay Area-based investment firm that focuses on Series A companies, is hearing of “more ‘pay-to-play' these days and it's starting to get ugly.” This happens when new investors wipe out the prior investors, and anyone seeking equity needs to pony up into the new funding round.Median and averages climbNonetheless, “seed round valuations haven't dropped a ton from even the peak,” according to Forum Ventures' Cardamone. But, “the bar to raise a seed [round] is a lot higher.”“Most first-time founders especially, and the vast majority of founders generally — they have to get significant traction to be able to raise that same round they used to be able to raise. And a lot fewer of those rounds are happening,” he said.“A priced seed round of $3 million at $15 million [pre-money] is still happening, but you might have to be at $500,000 ARR, to raise that round now. Whereas in 2021, it was the norm to raise that round pre-revenue,” he said.Series A fundings have gotten harder as “companies are going out and raising three seed rounds,” said Cardamone.Based on an analysis of Crunchbase data, median and average seed round sizes in the U.S. have climbed through the past decade.In 2023, median and average raises are not far from the peak of 2022, Crunchbase data shows, and were well above pre-pandemic levels. (However, this will shift downward somewhat as the long tail of seed fundings are retroactively added to the Crunchbase database.)Seed rounds got larger“If I have conviction, we may need them to have more money, cause we know it's going to take them longer to reach the milestones that are now higher,” said Lefcourt.Per an analysis of Crunchbase data, larger seed rounds — those $1 million and above — have increased through the decade.The amount of funding to seed-stage companies below $1 million hasn't budged much, and is a fraction of what it was earlier in the decade.Seed below $1 million in 2014 represented around 25% of all seed funding.That has come down as a proportion every year since then.And as of 2021 that proportion has dipped below 10% for the first time, ranging from 5% to 7% of all seed dollars invested in the U.S. since then.Earlier in the past decade, the number of seed deals in rounds below $1 million outpaced those rounds at $1 million and above significantly.But 2021 was once again a pivotal year. That's when $1 million and above seed rounds outpaced smaller seed for the first time.In 2023, they are neck and neck in count. (That might shift as the long tail of seed rounds are added to the Crunchbase database long after they close.)What this all shows is that seed has become an increasingly significant and elongated phase in a company's early life cycle, where companies are raising multiple million-dollar seed rounds. And as of late, more companies than ever before are wading in the seed pool.What does this mean for the seed funding market in 2024?…MoreUnicorns & InevitabilitiesUp and to the right, or not so much?JEFF BECKER, JAN 22, 2024TLDR: Go read Aileen Lee's update to the Unicorn Club… and a few inevitabilities.Did anyone catch Aileen Lee & Allegra Simon's Welcome Back to the Unicorn Club, 10 Years Later?If not, go read it. That's your MMM.If you did read it, you can't help but wonder if the tech sector isn't going to resemble the public markets over time. Ups and downs, but consistently up and to the right over a long enough period.After all, we are creating leverage in ways we've never seen before.And for unicorns, that meant 14X growth over a 10-year period.Could you imagine another 14 or even 10X from here? That would be stratospheric, from ~500 to ~5,000 unicorns? What if the exit sizes did too? $5B, $10B, $50B?Crazy to think, but hardly impossible. After all, we've already seen near-centicorns like Uber's IPO at $75B in 2019.The interesting part about that thought exercise though is not the crazy zero interest rate IPO's, but the fact that entry valuations didn't and don't move nearly as fast as top end outcomes because of the time horizon to realizing them.For example, Airbnb raised $20K from Y Combinator for 6%, then they took another $600K for 20% in their seed.That was 2009. The idea of an IPO for $47B just 11 years later in 2020 probably wasn't even a consideration. Paul Graham and the YC team would've had to believe Airbnb's IPO could compete with AT&T, General Motors, and Visa.Insane.Fast forward, that $333,333 valuation at YC has moved to $1.78m (125K for 7%), and they'll stack another 2.6% ownership on average from their $375K MFN with the average YC company raising seed at a $14.4m cap instead of Airbnb's $3m.That's a ~5X increase in valuation at pre-seed & seed for a 47X increase in IPO size if you were modeling $1B outcomes into your VC fund model in 2009.I'm not saying that will continue. There are counterforces of course.* Margins are way too high. The fact that software margins have persisted at 80% or more is just craziness. Companies will start to use price more aggressively to compete for market share as cheap AI tools enter the market and try to unseat them. This compression will change the value of discounted cash flow models.* Pricing models need to change. One way to reduce sticker price and maintain some semblance of healthy long-term margins is to pay a smaller implementation fee, but incur ongoing services & upgrade costs. This is a more traditional pricing model, and creative economics that leverage this kind of thinking run rampant in the titans of tech. It's a game of deeper roots, higher switching costs, and long-term contracts. With API calls and data usage more prevalent, we'll also see more pay-per-use models, the same way we buy copiers. We'll also see more pay-for-performance models with attributable ROI, akin to Amazon's ACoS model or Rakuten's affiliate marketing model. Customers will prefer it too, placing a higher emphasis customer value. This will also drive margins to condense.* AI, AI, AI. AI will cut OpEx costs dramatically. SDR teams, gone. Copywriters at agencies, you don't need as many. Data scientists? Just run a query against your data lakes. The list goes on. Costs of running these companies is going to get shellacked. Good for margins for sure, but also a compelling opportunity for newcomers to undercut and unseat incumbents too.* More hardware. With software margins condensing, hardware margins will start to feel more attractive too, the maintenance and upgrade fees will resemble what we see in SaaS, and the software that powers these machines will be incredible. Skynet for autonomous off-road vehicles, absolutely.* Less dilution, earlier exits, and stratification. We already see it in the S&P 500 with the top end accounting for an outsized share of total value. With that kind of cash on balance sheets, bigger companies will just buy the smaller ones. Think about how Broadcom rolls up companies. If you've built the business more efficiently, you've also raised less, incurred less dilution, and that $100m exit when you still own 50% is looking pretty prett-ty good compared to the same outcome 5-10 grueling years later to own 5% of $1B.* Massive founder salaries, less emphasis on growth. If you've built a company that's profitable from day one, and you have complete control of your board, what's your incentive to keep the pedal down on growth, or stay on the VC treadmill? World domination? Why not pay yourself 10X, stop fundraising, and continue to tighten the core business until someone acquires you? It's better for the founding team and employees for sure, and it's probably better for customers in most instances too.These are just some of things I think we'll see over the next five years until we approach ZIRPy-dirpy times again and massive growth becomes irresistible.But there are also a whole slew of things I think are inevitabilities that will benefit from these dynamics because we will not only have new technologies, with more attractive pricing, but we will be tackling new opportunities that were created by the prior evolutions across adjacent industries.For example…* Cost of energy is going to zero with nuclear fusion* Longevity is starting to work; check out Loyal for Dogs* Batteries & cameras continue to improve; medical devices, for one, will be more personal & affordable* Disintermediation of big ad networks with new global distribution channels; check out Benjamin* Massive cost reductions driven by AI* Software will be built by software* An aging population is retiring (10,000 per day); wealth transfer & SMB's with no exit paths* Climate change* …and so on and so on and so onThe list is long. Much longer than this. If you want the rest, just reply or comment so that I know, and I'll go deeper next week.Net of all of it, I think we're going to see a tale of two cities. Stronger, more profitable businesses, with smaller, but better founder founder exits in the near term, and a continued growth both in number of total unicorns, and what that top-end outcomes look like in the longer-term.And like I said, go read Aileen's post.Sequoia, Founders Fund, USV, Elad Gil & Benchmark Top Venture Manager SurveyI got my hands on a VC scorecard circulating among top founders & VCsERIC NEWCOMERJAN 25, 2024Before we get started, I want to be clear — this isn't the end-all, be-all list of the top venture capital firms or the most promising startups.But I got my hands on a survey of 91 people at 69 different venture capital firms conducted by a well-respected investor in venture capital firms.The survey results are spreading hand-to-hand in Silicon Valley. The results of the survey rank the most desirable venture capital firms and companies, according to VCs themselves. When I was out in San Francisco last week for The Information's 10th anniversary gala, sources kept bringing it up.My sources tell me that the survey was conducted by Ed Hutchinson, managing partner at Golden Bell Partners. Hutchinson is ignoring my emails.Which firms and companies would top VCs themselves put their money into? It's a question everyone wants to know the answer to.I've got my hands on their list of favorites:Firms* (1) Sequoia* (2) Founders Fund* (3) Union Square* (4) Elad Gil* (5) Benchmark…Much More (but only for subscribers)Why 2024 May Be Tougher on Venture Capital Than 2023by Jason Lemkin | Blog Posts, Fundraising, ScaleSo I thought the toughest times for venture would be behind us now.  In 2022, we were in free fall, with public market caps falling like a knife, and the IPO markets frozen.  And 2023 was the year of the Work Out in venture.  Bridge rounds slowed down, and VCs acknowledged a lot of portfolio companies just weren't going to make it.  It got real in 2023, and that realness got normalized.  The drama mostly was behind us.  And public SaaS stocks in many cases did really, really well in 2023.  So shouldn't 2024 at least be better for venture?So I thought.But the reality is I'm a bit more worried the venture drama in 2024 will be bigger than 2023.  Why?  Four core reasons:#1:  Now We Have to Deal With the Reality of the Stumbling Unicorns.The ones that are doing $100m+ ARR, still growing, but there just isn't going to be any more money coming.  This is going to burn up a ton of energy in VC funds.  Even tougher, the reality is while many VC funds marked down their unicorns to lower valuations in 2023, they often didn't mark them down enough.#2.  The Chase for AI Unicorns and Decacorns is All-consuming.  It's Still 2021 There.The one place where paper money seems easy to come by is Hot AI Startups.   And that's probably not you.  It's just consuming all the oxygen in venture, trying to get into the next Imaging AI startup worth $1B in 10 months.  In AI, 2021 never went away.  In AI, it's still 2021.#3.  A Lot of Seasoned VCs are Discouraged. This Doesn't Help Founders.A lot of VCs who have been around for a while are quietly discouraged.  They just don't see a great path to making a ton of money in venture these days.  We're in Year 3 of a venture downturn, and that weighs of most of us.  At a practical level, for founders, it makes it harder to lean it.#4.  More Valuation Markdowns Are Still to ComeRelated to the first point, but more markdowns are like mutliple rounds of layoffs.  They're just tough.  LPs lose confidence.  Coworkers lose confidence.  We should have gotten through a lot of this in 2023, but we didn't.  Personally, I've got several investments for example that I marked down. 70%-80% or more — that my co-investors didn't mark down at all.#5.  VCs Have Run out of ReservesVCs used what extra “reserve” capital they had for bridge rounds in 2022 and 2023.  Now it's gone.  That's adds to the stress as companies struggle.  You don't have a play anymore.The bottom line is there likely is at least another full year of working through the excesses of 2021.  That will weigh across venture.  No matter what some AI headlines suggest.Video of the WeekThe Mac at 40Apple Shares the Secret of Why the 40-Year-Old Mac Still RulesThe pioneering PC revolutionized how people interact with computers. As the Mac enters its fifth decade, Apple says it will continue to evolve.STEVEN LEVY, Jan 19, 2024 10:00 AMON JANUARY 24, Apple's Macintosh computer turns 40. Normally that number is an inexorable milestone of middle age. Indeed, in the last reported sales year, Macintosh sales dipped below $30 billion, more than a 25 percent drop from the previous year's $40 billion. But unlike an aging person, Macs now are slimmer, faster, and last much longer before having to recharge.My own relationship with the computer dates back to its beginnings, when I got a prelaunch peek some weeks before its January 1984 launch. I even wrote a book about the Mac—Insanely Great—in which I described it as “the computer that changed everything.” Unlike every other nonfiction subtitle, the hyperbole was justified. The Mac introduced the way all computers would one day work, and the break from controlling a machine with typed commands ushered us into an era that extends to our mobile interactions. It also heralded a focus on design that transformed our devices.That legacy has been long-lasting. For the first half of its existence, the Mac occupied only a slice of the market, even as it inspired so many rivals; now it's a substantial chunk of PC sales. Even within the Apple juggernaut, $30 billion isn't chicken feed! What's more, when people think of PCs these days, many will envision a Macintosh. More often than not, the open laptops populating coffee shops and tech company workstations beam out glowing Apples from their covers. Apple claims that its Macbook Air is the world's best-selling computer model. One 2019 survey reported that more than two-thirds of all college students prefer a Mac. And Apple has relentlessly improved the product, whether with the increasingly slim profile of the iMac or the 22-hour battery life of the Macbook Pro. Moreover, the Mac is still a thing. Chromebooks and Surface PCs come and go, but Apple's creation remains the pinnacle of PC-dom. “It's not a story of nostalgia, or history passing us by,” says Greg “Joz” Joswiak, Apple's senior vice president of worldwide marketing, in a rare on-the-record interview with five Apple executives involved in its Macintosh operation. “The fact we did this for 40 years is unbelievable.”…Much MoreAI of the WeekBMW will deploy Figure's humanoid robot at South Carolina plantBrian Heater @bheater / 3:00 AM PST•January 18, 2024Image Credits: FigureFigure today announced a “commercial agreement” that will bring its first humanoid robot to a BMW manufacturing facility in South Carolina. The Spartanburg plant is BMW's only in the United States. As of 2019, the 8 million-square-foot campus boasted the highest yield among the German manufacturer's factories anywhere in the world.BMW has not disclosed how many Figure 01 models it will deploy initially. Nor do we know precisely what jobs the robot will be tasked with when it starts work. Figure did, however, confirm with TechCrunch that it is beginning with an initial five tasks, which will be rolled out one at a time.While folks in the space have been cavalierly tossing out the term “general purpose” to describe these sorts of systems, it's important to temper expectations and point out that they will all arrive as single- or multi-purpose systems, growing their skillset over time. Figure CEO Brett Adcock likens the approach to an app store — something that Boston Dynamics currently offers with its Spot robot via SDK.Likely initial applications include standard manufacturing tasks such as box moving, pick and place and pallet unloading and loading — basically the sort of repetitive tasks for which factory owners claim to have difficulty retaining human workers. Adcock says that Figure expects to ship its first commercial robot within a year, an ambitious timeline even for a company that prides itself on quick turnaround times.The initial batch of applications will be largely determined by Figure's early partners like BMW. The system will, for instance, likely be working with sheet metal to start. Adcock adds that the company has signed up additional clients, but declined to disclose their names. It seems likely Figure will instead opt to announce each individually to keep the news cycle spinning in the intervening 12 months.Unlike some other humanoid designers (including Agility), Figure is focused on creating a dexterous, human like hand for manipulation. The thinking behind such an end effector is the same that's driving many toward the humanoid form factor in the first place: Namely, we've designed our workspaces with us in mind. Adcock alludes to Figure 01 being tasked with an initial set of jobs that require high dexterity.As for the importance of legs, the executive suggests that their importance for maneuvering during certain tasks is as — or more — important than things like walking up stairs and over uneven terrain, which tend to get most of the love during these conversations.…MoreGoogle's New AI Video Generator Looks IncredibleJAN 25, 2024MATT GROWCOOTGoogle has announced Lumiere: an AI video generator that looks to be one of the most advanced text-to-video models yet.The name Lumiere is seemingly a nod to the Lumiere brothers who are credited with putting on the first ever cinema showing in 1895. Just as motion picture was cutting-edge technology at the end of the 19th century, the Lumiere name is once more being associated with something new and original.The demo of Lumiere that Google put out focuses firmly on animals. The model can generate a scene using just text; much the same way AI image generators work, the user can dream up any scenario they would like to see a short video clip of.However, the user can also use an image as a prompt. Google provided multiple examples: including some that are real photos such as Joe Rosenthal's iconic Raising the Flag photo; “Soldiers raising the united states flag on a windy day” saw one of the 20th-centuries most recognizable photos suddently come to life as the soliders struggle with the flag that's being affected by gusts.Also in Lumiere is a “Video Stylization” setting which allows users to upload a source video and then ask the generative AI model for various element changes. For example, a person running may be suddenly turned into a toy made of colorful bricks.Another feature Google showed off is “Cinemagraphs”, where just a section of an image is animated while the rest stays still. “Video Inpainting” is included too which involves masking part of the image so that section can be changed to the user's desire.Space-Time Diffusion ModelLumiere is powered by “Space-Time U-Net architecture that generates the entire temporal duration of the video at once, through a single pass in the model.”This difficult-to-understand concept is apparently in contrast to existing video models which “synthesize distant keyframes followed by temporal super-resolution — an approach that inherently makes global temporal consistency difficult to achieve.”…Much MoreOpenAI's Sam Altman seeks funds for AI chip factories as demands surgeOpenAI CEO Sam Altman has opened discussions with global investors over the possibility of funding a network of artificial intelligence (AI) chip factories to keep pace with soaring demand.Altman is seeking around $8 billion to $10 billion worth of funds to set up several AI chip fabrication plants around the globe, an endeavor that will require synergy between leading chip manufacturers backed by investment giants.Altman is reportedly in talks with Japanese-based financial giant SoftBank Group (NASDAQ: SFTBF) and Abu Dhabi's G42 over funding plans, but details remain sparse. The discussions with G42 have been underway since 2023, with Altman describing a potential chip partnership as laying the foundation “for equitable advancements in generative AI across the globe.”Aside from SoftBank and G42, insiders say that Altman is still pursuing collaborations with other industry players to set up a network of chip fabrication plants. Although exact entities were not namechecked, industry experts are noting Intel Corporation (NASDAQ: INTC), Samsung Electronics, and Taiwan Semiconductor Manufacturing Co. (NASDAQ: TSM) as potential partners.Altman's approach to raising funds hinges on concerns that the chip supply will not be able to meet global demands for AI offerings by 2030. The OpenAI's CEO argues that the ideal solution will be a collaborative effort to set up chip manufacturing plants rather than build in silos.OpenAI has had its fair share of chip scarcity, rolling back a number of its offerings over a steady chip supply. To meet the rising demand, the company is reportedly mulling several options, including the prospect of building its chips from scratch and joining ranks with Google (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN) to explore an in-house solution.Given the costs associated with an in-house approach, OpenAI may pursue the acquisition of a chip manufacturer as a short-term solution or expand its collaboration with existing partners. However, a potential acquisition opens its own can of worms, including an inquiry by antitrust regulators.Governments are also involvedIn 2023, Altman urged the South Korean government to double their investments in AI chip manufacturing as a veritable strategy to play a leading role in the nascent ecosystem. Currently, South Korea ranks behind the U.S., China, and Japan in chip manufacturing, but a concerted government involvement could see the country climb up the charts.The OpenAI boss disclosed during his visit to South Korea that his firm will back local entities building chips for AI and other emerging technologies, with Samsung rumored to be in top position.“We are exploring how to increase our investment in Korean startups,” said Altman. “We are excited to meet as many as we can here today. I think this type of collaboration is essential to our work.”..MoreThe Future of Prosumer: The Rise of “AI Native” WorkflowsAnish Acharya, Justine Moore, and Olivia MoorePosted January 25, 2024Few people love the software they use to get things done. And it's no surprise why. Whether it's a slide deck builder, a video editor, or a photo enhancer, today's work tools were conceived decades ago — and it shows! Even best-in-class products often feel either too inflexible and unsophisticated to do real work, or have steep, inaccessible learning curves (we're looking at you, Adobe InDesign). Generative AI offers founders an opportunity to completely reinvent workflows — and will spawn a new cohort of companies that are not just AI-augmented, but fully AI-native. These companies will start from scratch with the technology we have now, and build new products around the generation, editing, and composition capabilities that are uniquely possible due to AI. On the most surface level, we believe AI will help users do their existing work more efficiently. AI-native platforms will “up level” user interactions with software, allowing them to delegate lower skill tasks to an AI assistant and spend their time on higher-level thinking. This applies not only to traditional office workers, but to small business owners, freelancers, creators, and artists — who arguably have even more complex demands on their time. But AI will also help users unlock completely new skill sets, on both a technical and an aesthetic level. We've already seen this with products like Midjourney and ChatGPT's Code Interpreter. Everyone can now be a programmer, a producer, a designer, or a musician, shrinking the gap between creativity and craft. With access to professional-grade yet consumer-friendly products with AI-powered workflows, everyone can be a part of a new generation of “prosumers.”In this piece, we aim to highlight the features of today's — and tomorrow's — most successful Gen AI-native workflows, as well as hypothesize about how we see these products evolving.What Will GenAI Native Prosumer Products Look Like?All products with Gen AI-native workflows will share one crucial trait: translating cutting-edge models into an accessible, effective UI.Users of workflow tools typically don't care what infrastructure is behind a product; they care about how it helps them! While the technological leaps we've made with Generative AI are amazing, successful products will importantly still start from a deep understanding of the user and their pain points. What can be abstracted away with AI? Where are the key “decision points” that need approval, if any? And where are the highest points of leverage? There are a few key features we believe products in this category will have: * Generation tools that kill the “blank page” problem. The earliest and most obvious consumer AI use cases have come from translating a natural language prompt into a media output — e.g., image, video, and text generators. The same will be true in prosumer. These tools might help transform true “blank pages” (e.g., a text prompt to slide deck), or take incremental assets (e.g., a sketch or an outline) and turn them into a more fleshed-out product.Some companies will do this via a proprietary model, while others may mix or stitch together multiple models (open source, proprietary, or via API) behind the scenes. One example here is Vizcom's rendering tool. Users can input a text prompt, sketch, or 3D model, and instantly get a photorealistic rendering to further iterate on.Another example is Durable's website builder product, which the company says has been used to generate more than 6 million sites so far. Users input their company name, segment, and location, and Durable will spit out a site for them to customize. As LLMs get more powerful, we expect to see products like Durable pull real information about your business from elsewhere on the internet and social media — the history, team, reviews, logos, etc. — and generate an even more sophisticated output from just one generation. * Multimodal (and multimedia!) combinations. Many creative projects require more than one type of content. For example, you may want to combine an image with text, music with video, or an animation with a voiceover. As of now, there isn't one model that can generate all of these asset types. This creates an opportunity for workflow products which allow users to generate, refine, and stitch different content types in one place.…MoreAndreessen Horowitz's Connie Chan to Leave as Consumer Focus Shifts to AIBy Kate Clark, Erin Woo and Cory WeinbergJan 23, 2024, 7:22am PSTFor years, partners at Andreessen Horowitz proclaimed they would scour the startup world for the next big consumer marketplace like Airbnb or the next hit consumer app out of China, areas in which the firm had unique expertise. Now, it's shifting toward an area more en vogue across venture capital: consumer apps powered by artificial intelligence.Those changes are happening amid an overhaul of its consumer team. Connie Chan, a general partner at Andreessen Horowitz who formerly led a team of consumer investors and was known for spotting internet trends coming from China, said she is leaving the firm.  She may raise her own fund, a person familiar with the matter said. Anish Acharya, a general partner at the firm who invested in enterprise-focused and financial technology businesses, now leads the consumer team, said people familiar with the change.Chan's move also follows a distancing by U.S. VC firms from investments in China tech, once a hotbed for U.S.  investors. In recent months, Chan has privately said it's becoming more difficult for her to work at Andreessen Horowitz because the partners have been increasingly disinterested in anything China related, another person said.The Takeaway• Fintech-focused GP Anish Acharya leading consumer deals• Consumer GP Connie Chan is leaving the firm• Consumer partner Anne Lee Skates left to start own fundThe changes are part of a broader personnel shakeup, including the decision by senior consumer investor and Airbnb board member Jeff Jordan to step back from making new investments last year. Of the four general partners that led the firm through a consumer deal blitz, none remain on the consumer team.Meanwhile, Anne Lee Skates, a consumer partner who worked on the firm's investment in live shopping app WhatNot, left in the fall to raise her own fund, according to two people familiar with the matter. Axios first reported that Chan was leaving the firm.The Andreessen Horowitz changes are emblematic of a broader VC industry gravitation toward AI and away from once-hot sectors like consumer marketplaces and financial technology, as a spike in interest rates undercut the growth aspirations of startups trying to elbow out incumbent social platforms and banking institutions.“We've gotten into this cycle now where, generally speaking, investors are less interested in consumer,” said Ben Lerer, managing partner at Lerer Hippeau. Known for its consumer investments in Warby Parker and Allbirds, the firm has invested 70% of its latest fund in enterprise companies, he said. “And AI feels like this very hopeful, very exciting, fresh thing.”Founders of some consumer startups have noticed the shift at Andreessen Horowitz. One founder of a consumer startup in the firm's portfolio said they had heard little from investment partners over the last year, a contrast to a steady drumbeat of emails the founder got in prior years from Andreessen staff who support portfolio companies with marketing and operations advice.Andreessen Horowitz's consumer investing team has been perhaps most well known for its focus on backing digital marketplaces, from peer-to-peer self-storage to real estate investment marketplaces, that could turn into the next Airbnb. Every year, it releases a ranking of top marketplace startups. “We are obsessed with marketplaces and have been since our inception,” Chan, who led investments in  social fashion startup Cider for the firm in 2021.But some of those startups backed by the firm, such as self-storage startup Neighbor, have struggled to take off in recent years. And like other venture firms, Andreessen Horowitz has also stepped back from investing in Chinese startups, an area of focus for Chan. She had championed the idea that the next wave of breakout U.S. consumer startups will model themselves after China's internet success stories, like all-in-one app WeChat.With $53 billion in assets under management, Andreessen Horowitz is one of the largest of traditional Silicon Valley firms and closely watched among other VC firms as a trend setter. And its track record of sniffing out hitmakers primed its partners to find the next trendy consumer app.The number of consumer deals Andreessen Horowitz has led dropped to 13 last year from 30 in 2021, a record for the firm, according to PitchBook data. It's possible the firm completed more consumer deals and that those investments haven't been announced. Its investments in AI companies have jumped to 23 from nine over the same years, including leading a $415 million investment in Mistral, the French developer of an open-source large language model.The firm has beefed up this team of investors primarily focused on enterprise, software infrastructure and AI startups. Led by Martin Casado, a close confidante to the firm's founders Horowitz and Marc Andreessen, it is raising its first standalone fund and has brought on two new general partners, Anjney Midha and Zane Lackey, since 2022, as well as a number of junior partners.As the infrastructure team gained power, the consumer team's profile shrank. The firm in 2023 combined its consumer and fintech teams and created a new group, called apps, led by general partner Alex Rampell, who previously co-founded installment lender Affirm, The Information reported last year. Under Rampell's leadership, the newly formed apps team will also soon launch a dedicated apps fund, according to people with direct knowledge of the matter. The consolidated team has been encouraged to pursue AI deals.Within Rampell's apps group, Acharya now leads the consumer sub-group. His portfolio of companies includes payroll company Deel and Silo, a provider of supply chain automation software. He's also an investor in Titan, a consumer investment application.Fueling the firm's shift away from consumer apps are likely disappointing returns. The startups that captivated consumers during the pandemic shutdowns have failed to retain their attention. Growth at companies the consumer team bet on, like Clubhouse, which Andreessen Horowitz backed three times in one year, and photo-sharing app BeReal, which it backed in 2021, has stalled.…MoreOpenAI Is a (Relative) StealBy Stephanie PalazzoloJan 22, 2024, 7:35am PSTOver the past year, we've seen billions in funding thrown at AI startups at eye-popping valuations. More important than the absolute valuation figures, though, is how they stack up to those startups' revenue numbers.In the chart above, we've tracked the valuations of eight AI startups that have recently raised funding, calculated against their projected revenue. On average, these companies raised money at a price that is 83 times their projected sales for the next twelve months. That's a big multiple by any measure, reflecting the rocket ship nature of these startups. But what makes the comparison noteworthy is that OpenAI has one of the lowest multiples, even though its business has the most traction.Venture capitalists tend to value early-stage startups at a premium based on their growth rates. OpenAI's business is far bigger and more mature—if we can use that word for a company growing as fast as OpenAI—than other generative AI companies. So, as fast as its revenue pace is growing—more than 20% in just two months most recently—newer firms are growing even faster.For instance, AI-powered search engine Perplexity AI doubled its annual recurring revenue from $3 million to $6 million from October to January. VCs were likely taking that expected growth into account at the time of investment, as the company would have garnered a much lower 75-times forward revenue multiple if it had raised at the same price just a few months later. Similarly, even though OpenAI rival Anthropic was likely generating around $200 million in annualized revenue at the end of last year (according to its October estimates), its projection that it would reach $850 million in annualized revenue by the end of this year surely made its mind-boggling valuation more palatable to investors.When you see the details of these AI startup funding rounds, it can sometimes feel like investors are throwing darts at nine-figure numbers on a wall. The chart suggests there's a method to the madness. Typically, startups selling to companies are valued based on the sector in which they operate. The lowest valuation multiples are accorded to startups offering industry-specific applications, while those offering more generalized applications draw a premium. The most highly valued firms are often infrastructure startups, which create the tools that developers use to build these apps. This order stems from how big the target market of these startups are, ranging from a specific industry (like healthcare or education) to all developers. We can see that general order reflected in burgeoning AI startups. For instance, Harvey, which sells an AI application for lawyers, has one of the lower multiples, while broader-reaching companies like Glean and VAST Data land higher multiples.It seems like investors aren't quite sure yet where model developers like OpenAI and Anthropic fall on this spectrum. Their costs are very different from a typical software startup due to how much computing power they need, and many investors are still worried that closed-source model developers may be overtaken by their cheaper, open-source counterparts.…MoreNews Of the WeekTed fellows resign from organisation after Bill Ackman named as speakerLucianne Walkowicz and Saeed Taji Farouky accuse Ted of taking anti-Palestinian stand over controversial billionaire's inclusionChris McGrealThe Ted organisation has been hit with resignations and criticisms after naming the controversial activist billionaire Bill Ackman, who was instrumental in forcing out Harvard's president over antisemitism allegations, among its main speakers at this year's conference.Four Ted fellows, led by the astronomer Lucianne Walkowicz and the filmmaker Saeed Taji Farouky, resigned from the group on Wednesday, accusing it of taking an anti-Palestinian stand and aligning itself “with enablers and supporters of genocide” in Gaza.“2024 main stage speaker Bill Ackman has defended Israel's genocide and ethnic cleansing of the Palestinian people and has cynically weaponised antisemitism in his programme to purge American universities of Pro-Palestinian freedom of speech,” the pair wrote to Chris Anderson, who leads Ted, and Lily James Olds, director of the fellows programme.“We've become increasingly concerned about the fundamental values and moral compass of the organisation over the years, but with this year's speaker selection, it is clear Ted has crossed a red line.”The conference will be held in Vancouver, Canada, in April, under the banner The Brave and the Brilliant”. The theme of Ackman's talk has not been revealed but his selection was announced last week after he was accused of using his money and influence to help force Claudine Gay's resignation as Harvard's president following her disastrous appearance before Congress in December when she was questioned about on-campus antisemitism during the Israel-Gaza war.Ackman has taken stridently pro-Israel positions, including justifying the scale of the attacks on Gaza in which more than 25,000 Palestinians have been killed, mostly civilians, and the forced removal of about 2 million Palestinians from their homes. He has described criticism of Israel as antisemitism and called for the blacklisting from employment of American students who signed petitions denouncing the offensive in Gaza in the wake of the 7 October Hamas attack on Israel.Farouky and Walkowicz's resignation letter noted that other speakers announced by Ted include the journalist Bari Weiss, who they describe as having “a long, sordid, and well-documented history of anti-Palestinian speech”, but that there are no Palestinians in the line-up.“We refuse for our work and identities to be exploited to promote the Ted brand while the organisation and its speakers generate income and advance their careers through dehumanising Palestinians and justifying their genocide,” the pair said.After the resignation letter was published, two other fellows – the entrepreneur Ayah Bdeir and cosmologist Renée Hlozek – also quit. Nearly 30 others added their names “in solidarity” without leaving Ted.…MoreTesla's Slowdown Disqualifies It From ‘Magnificent Seven' GroupBy Martin Peers, Jan 24, 2024, 5:00pm PSTStock market pundits may want to come up with a new name for the big tech stocks driving the overall market. The “magnificent seven” descriptor—referring to Apple, Microsoft, Alphabet, Amazon, Meta Platforms, Nvidia and Tesla—no longer seems to make much sense. I'd like to suggest that's because none of the company CEOs look like cowboy gunslingers from the 1960 movie that made the phrase famous. It's hard to imagine Steve McQueen playing Tim Cook or Andy Jassy, for instance (although Yul Brynner admittedly could have filled the role of horseback-riding Jeff Bezos).The real reason the moniker no longer works, however, is that at least one member of the group, Tesla, has had anything but a magnificent 2024 so far, and its fourth-quarter earnings report, released Wednesday, only made things worse. Before Tesla reported earnings tonight, its stock had fallen 16% so far this year, and it tumbled another 3% after hours to around $200 a share. This isn't a reaction to CEO Elon Musk's antics, which include asking for a bunch more stock, although that surely doesn't help. The stock decline reflects the slowdown in sales suffered by Tesla, which observers attribute to increased competition and a loss of government incentives. Automotive revenues, which make up the bulk of Tesla's top line, grew just 1% in the fourth quarter—down from 18% in the first quarter.In its outlook for this year issued today, the company said its growth in the volume of car sales would be lower than in 2023, and noted that its team is working on its “next-generation vehicle.” Meantime, expenses have been skyrocketing, eroding its profit margin. But our less-than-rigorous takedown of the magnificent seven branding isn't just about Tesla. If you look at the year-to-date performance of big tech stocks, or even their 2023 performance, you can see that just two tech stocks have roared this year. One is Nvidia, which is in a class of its own: up 27% since Jan. 1, thanks to its stranglehold on the specialized chips used in artificial intelligence. The other is Meta Platforms, which is up nearly 13%, reflecting confidence in its ad business.  In comparison, Microsoft and Alphabet are each up around 8%, likely thanks to expectations that AI will lift their businesses, while Apple and Amazon lag behind with year-to-date stock price rises of less than 5% each. Instead of the magnificent seven, it might be more appropriate to refer to the group as Nvidia, Meta and the humble five.… MoreTikTok's Testing 30 Minute Uploads as It Looks To Expand Its Content OptionsBy Andrew Hutchinson Content and Social Media ManagerThe next stage of TikTok is coming, with some users now seeing the option to upload 30 minute long videos in the app.As you can see in this example, shared by social media expert Matt Navarra, TikTok's currently testing the new 30 minute upload option in the beta version of the app.Which, if you've been paying attention, is not really any big surprise.TikTok has been steadily increasing its maximum post limit for years, with the platform originally starting at 15 seconds per clip, which was then extended to 60 seconds, then 3 minutes, then 5 minutes, before rising to 10 minutes in 2022.Last October, TikTok began experimenting with 15 minute uploads, so the trend towards longer clips isn't new.Though 30 minutes is likely the upper limit, based on the Chinese version of the app. Douyin, which is TikTok in China, expanded its upload limit to 30 minutes per clip in 2022, and it hasn't gone any further as yet.And presumably, Douyin has also seen good response to this longer time limit, which is why TikTok is now looking to implement the same, though it does seem like a long time to be watching a TikTok clip in-stream.Will users really warm to TV show length clips in the app?…MoreInstagram to scan under-18s' messages to protect against ‘inappropriate images'Feature will work even on encrypted messages, suggesting platform plans to implement client-side scanningAlex Hern and Dan MilmoInstagram will begin scanning messages sent to and from under-18s to protect them from “inappropriate images”, Meta has announced.The feature, being kept under wraps until later this year, would work even on encrypted messages, a spokesperson said, suggesting the company intends to implement a so-called client-side scanning service for the first time.But the update will not meet controversial demands for inappropriate messages to be reported back to Instagram servers.Instead, only a user's personal device will ever know whether or not a message has been filtered out, leading to criticism of the promise as another example of the company “grading its own homework”.“We're planning to launch a new feature designed to help protect teens from seeing unwanted and potentially inappropriate images in their messages from people they're already connected to,” the company said in a blogpost, “and to discourage them from sending these types of images themselves. We'll have more to share on this feature, which will also work in encrypted chats, later this year.”…Much MoreTiger Global Investor Relations Staff Depart After Fundraising ChallengesBy Francesca Friday and Maria HeeterJan 24, 2024, 4:46pm PSTSeveral Tiger Global Management employees focused on raising capital for the New York firm's venture funds have taken buyout offers, according to a person familiar with the matter. The departures of the staff, who worked with prospective investors, come as the firm has struggled to raise money for its latest venture capital fund after a collapse in startup valuations soured its paper returns for earlier funds.As of the second quarter of 2023, a $12.7 billion fund that Tiger started making investments from in October 2021 had a paper loss of 18%, calculated as an annualized return net of management fees, according to internal data distributed to investors in the fund. That's a slight improvement from six months earlier, when the 2021 fund showed a loss of 20%. The fund's performance is in the bottom quartile of funds started that year, the document said, and has also lagged the S&P 500's annualized net return in the same period.The Takeaway• Tiger employee buyouts are the latest example of VC cost-cutting• Tiger's $12.7 billion had lost 18% on paper as of June* Tiger could soon show a $350 million gain from OpenAI stakeAs of June 30, 2023, the $12.7 billion fund hadn't returned any cash to investors, which isn't unusual for such a young fund. But the paper losses are closely guarded secrets that reflect the kind of write-downs other venture firms have been making over the past two years as tech valuations have fallen.It isn't clear how big Tiger's investor relations team is, but the departures are the latest example of belt-tightening across the venture industry. Firms are raising smaller funds and striking fewer deals, reducing the need for sprawling support staff—including those who help firms raise money from pension funds and endowments...MoreWorldcoin hints at new Orb for a friendlier iris-scanning experienceby Vivian NguyenThe next-gen device will feature various colors and shapes to enhance its visual appeal.Worldcoin, an iris biometric crypto project, is set to launch a new Orb that aims to offer a more user-friendly iris-scanning experience, said Alex Blania, CEO and co-founder of Tools for Humanity, the developer behind the project, in an exclusive interview with TechCrunch today.“The next Orb will roll out in the first half of this year and will feature alternative colors and form factors in an effort to look ‘much more friendly,'” Blania explained. “Overall, it is going to look way more tuned down and similar to an Apple product.”Blania acknowledges that the initial design of the Orb predated his time at the company. “The new orb is coming and the next iterations will look quite different,” he remarked during a fireside chat at a recent StrictlyVC event, signaling a departure from the current, more controversial design.The goal of Worldcoin, as described by Blania, is to reach billions of users as fast as possible.“The thesis is very simple. We race toward billions of users as fast as we possibly can,” said Blania.Founded by Blania, Sam Altman, and Max Novendstern, Tools for Humanity has raised around $250 million from prominent investors like a16z and Bain Capital Crypto, among others. The project is famous for its unique Orb device designed to scan people's irises and assign them a “World ID,” granting access to Worldcoin's application and a digital passport. Worldcoin's vision is to authenticate individual identities and prevent the creation of multiple accounts.The current design of the Orb has been a topic of much debate due to its intimidating look, similar to a prop from a sci-fi movie, according to Blania. The company has also faced criticism for its beta testing approaches in developing economies and concerns over privacy and data security.Despite some skepticism, the Orb has seen practical use. At the StrictlyVC event in downtown San Francisco, a Tools for Humanity employee reported that a “couple dozen” attendees scanned their iris to receive a World ID. There has also been “field testing” of the new Orb design.…MoreStartup of the WeekLoyalty Startup Bilt Rewards Hits $3.1B Valuation After $200M RoundChris MetinkoJanuary 24, 2024Bilt Rewards, a loyalty rewards startup, raised a $200 million round led by General Catalyst at a $3.1 billion valuation — more than double the number after its last fundraising in 2022.The round also included participation from Eldridge Industries, Left Lane Capital, Camber Creek and Prosus Ventures.The New York-based startup allows consumers to earn rewards on the rent they pay. Bilt plans to use some of the proceeds to expand its network to include local dining, grocery stores, ridesharing and other retail purchases.“We're not just building a loyalty program; we're creating a community-centric ecosystem that benefits everyone from renters to local businesses,” said founder and CEO Ankur Jain.The company also appointed some big names to roles in the company. Bilt named Ken Chenault, former chairman and CEO of American Express, as its chairman, and Roger Goodell, the commissioner of the NFL, as an independent director.Big moneyThe company reported its annualized member spend is nearing $20 billion. It also became profitable on an earnings before interest, taxes, depreciation and amortization basis last year.Those metrics must have impressed investors, as Bilt has seen its valuation shoot up after raising a $150 million Series B at a pre-money valuation of $1.4 billion in October 2022. Founded in 2021, the company has raised a total of $413 million, per Crunchbase.Last year was a slow go for loyalty startups. Such companies raised only $74 million, per Crunchbase data. However in 2022, loyalty startups raised more than a half-billion dollars thanks to big raises that included Bilt's Series B and Madison, Wisconsin-based Fetch's $240 million Series E.With this fundraise, things are looking up for loyalty startups again.X of the Week This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit thatwastheweek.substack.com/subscribe

As long as oil rides high, Alberta's flush. But while the province is on pace for a $5B+ budget surplus, property taxes are on the rise in virtually every community, as everyday folks struggle to pay their basic monthly bills. As you'll see early in this episode, our Real Talk Round Table is sounding the alarm.  3:20 | Mayor Tyler Gandam (Wetaskiwin), Councillor Andrew Knack (Edmonton), and Councillor Krista Gardner (Calmar) explain what Alberta municipalities will soon look like if the province doesn't pony up $1.75B in infrastructure funding. Our Alberta Municipalities panel gives us their top political storylines for 2023, including policing and public safety, healthcare shortages, and political parties infiltrating municipal elections.  CHECK OUT ALBERTA MUNICIPALITIES ONLINE: https://www.abmunis.ca/ 1:16:00 | Why can't people figure out how to zipper merge? When did conservatism become radicalism? And what the hell are we going to do about sick kids on mattresses in hospital hallways? Real Talkers fire up their Flamethrowers, courtesy the DQs of Northwest Edmonton and Sherwood Park: Newcastle, Westmount, Palisades, Namao, and Baseline Road.  FIRE UP YOUR FLAMETHROWER: talk@ryanjespersen.com  BECOME A REAL TALK PATRON: https://www.patreon.com/ryanjespersen  WEBSITE: https://ryanjespersen.com/ FOLLOW US ON TIKTOK, TWITTER, & INSTAGRAM: @realtalkrj  THANK YOU FOR SUPPORTING OUR SPONSORS! https://ryanjespersen.com/sponsors The views and opinions expressed in this show are those of the host and guests and do not necessarily reflect the position of Relay Communications Group Inc. or any affiliates.

B2B SaaS companies all have a shared challenge:   Helping their customers actually succeed with their product.   You can have all the help videos and tutorials in the world, but sometimes customers want someone else to do the work and for that, they're going to turn to an agency.   Should we partner with agencies? What should that look like?   That's what Franz-Josef Schrepf is here to help us with.   During the height of the pandemic and everyone's rush to leverage online events, Franz stood up Hopin's channel program, app store, and strategic alliance efforts, and helped that company's rapid rise from zero to $7.75B valuation. He is the host of The Partner Ship

10.24.2023 Sports: MLB - Rangers Advance to the World Series with Game 7 win over the Astros. D-Backs force a game 7 tonight with the Phils. NFL - Vikings over 49ers in Monday Night Football, Aaron Rodgers audio issues. NBA - Tip-off 2023-24 season is tonight! $75B media rights deal upcoming in two seasons, potential expansion cities, debuts. Business: Chevron buys Hess for $53B, making them clear number 2 in oil behind Exxon. Actors strike passes 100 days. P+I: Tinder adds new feature. All Rights Reserved. Common Intellectual Creators, LLC. 2023

Ready to unlock the secrets of real estate syndications and take your investment game to the next level? With nearly $3 billion of security offerings drafted under her belt, Kim spills the beans on setting up syndications, compliance mastery, and strategies for syndicating with success. From newbie investors to seasoned pros, get ready to revolutionize your syndication approach! Key Takeaways: Learning the Rules of Syndication: Kim's analogy of learning to drive shines a light on the importance of mastering the legal rules of syndication to confidently navigate the landscape and drive deals to success. Preferred Returns and Deal Analysis: Delve into the world of preferred returns with Kim and discover the magic number for cash-on-cash returns that makes investors sit up and take notice — it's not what you think! Long-Term Hold Strategies: Uncover the wisdom behind aligning investor interests with realistic hold periods, and get the lowdown on market shifts that are influencing syndicators' strategies.   {{cta('67f3c6dc-3f15-4d23-a73d-1d3c3872dac4')}} Kim Lisa Taylor | Real Estate Background Securities attorney and founder of Syndication Attorneys Portfolio: $2.75B+ in securities offerings drafted for clients Based in: FL Say hi to her at:  syndicationattorneys.com Best Ever Book: How to Raise Capital for Real Estate Legally by Kim Lisa Taylor and The 1-Page Marketing Plan by Allan Dib Greatest Lesson: Every one of our clients needs a real estate coach!   Click here to learn more about our sponsors: Techvestor Rent to Retirement Delete Me BAM Capital

The guys, @mrbenja and @the_real_theo_harvey, discuss threads, 2 weeks after its launch, are we still excited about it? Actors are on strike but HOT-D still putting in work, Microsoft can move forward with acquiring Activison for $75B, Convention Round-Up (Anime Expo, BlerdCon, etc.), and some Emmy nominations. ----------Show vs. Business is your weekly take on Pop Culture from two very different perspectives. Your hosts Theo and  Mr. Benja provide all the relevant info to get your week started right.----------Follow us on Instagram - https://instagram.com/show_vs_businessFollow us on Twitter - https://twitter.com/showvsbusinessLike us on Facebook - https://www.facebook.com/ShowVsBusinessYouTube: https://www.youtube.com/channel/UCuwni8la5WRGj25uqjbRwdQ/featuredFollow Theo on YouTube:  @therealtheoharvey  Follow Mr.Benja on YouTube:  @BenjaminJohnsonakaMrBenja

The Biden Administration offers additional aid to states during the Medicaid redetermination process. A new study finds that Medicare Advantage overpayments could exceed $75B this year. And, Walmart is partnering with Simple HealthKit to bring more at-home diagnostic tests to the market. That's coming up on today's episode of Gist Healthcare Daily. Hosted on Acast. See acast.com/privacy for more information.

Starbucks (SBUX) earnings were released, yesterday, May 2nd, postmarket. Caroline Woods discusses this as its adjusted EPS came in at $0.74 versus an estimated $0.64 and its revenue came in at $8.72B versus an estimated $8.40B. She talks about how SBUX's 2Q global same-store sales up 11%, 2Q China same-store sales up 3%, and 2Q North American same-store sales up 12%. JPMorgan, Barclays, and Wells Fargo have a overweight rating on SBUX, while Evercore ISI has an outperform rating. She also talks about how Estee Lauder (EL) earnings were released today, May 3rd, premarket. Its adjusted EPS came in at $0.47 versus an estimated $0.49 and its revenue came in at $3.75B versus an estimated $3.72B. Tune in to find out more about the stock market today.

Healthy free cash flow has enabled Johnson & Johnson (JNJ) to increase its dividend over the past half century, notes Lee Bohl. He and Damien Conover discuss takeaways from JNJ earnings. JNJ's 1Q worldwide pharmaceutical sales came in at $13.41B and its 1Q revenue came in at $24.75B versus an estimated $23.57B. They also go over other stocks to keep on your radar. Tune in to find out more about the stock market today.

My guest today is Nandan Nilekani. Nandan is one of the most transformative figures in the Indian technology landscape, both in the private and public sector. He co-founded Infosys - one of the world's largest information technology services firms with a market cap of over $75B, and served as the Chairman of UIDAI which developed many of India's world class public digital infrastructure initiatives such as Aadhar, UPI, OCEN, amongst others. Nandan is often referred to as India's CTO and I'm thrilled today to have the opportunity to speak with him.   For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.   ----- Return On India is a property of Colossus, LLC. For more episodes of Return On India, visit joincolossus.com/episodes.   Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @RomeenSheth | @joincolossus Show Notes [00:02:20] - [First question] - The original thought process and vision for the India Stack [00:04:12] - How India reached their level of financial services in just seven years compared to the forty five year estimate [00:06:37] - Overview of the three components of the India Stack: identity, payments, and data empowerment  [00:10:21] - Some of the non obvious insights when designing a system that onboards a billion people and maintains utility amongst them  [00:13:51] - A dramatic reduction in the cost of KYC and second and third order effects because of it  [00:17:03] - Breaking down and understanding the product ecosystem that is Aadhar  [00:18:50] - Whether or not it was controversial having the private and public sectors both participate in Aadhar [00:20:58] - Overview of the UPI system and its underlying protocol  [00:23:29] - Understanding the Indian economic landscape today in relation to UPI  [00:28:10] - Framing data empowerment and the types of applications it enables  [00:32:03] - Account aggregator as a data access fiduciary and their role in the system [00:34:44] - Unpacking the impact of data empowerment through a micro and macro lens [00:38:28] - Thinking about formal and informal economies in relation to the India Stack [00:40:44] - Other unique characteristics of the India Stack  [00:42:33] - His perspective on what the future holds for India over the coming decades Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of Christopher Lochhead: Follow Your Different, we go deep with one of my favorite people in Silicon Valley, Bruce Cleveland. Bruce Cleveland has had a career in Silicon Valley for over 40 years. And he's pretty much done it with building companies, technologies, categories, and brands, as well as working on and with some of Silicon Valley's best executive teams and entrepreneurs. He's been a successful investor. He's also a bestselling author. In fact, one of my favorite books is Traversing the Traction Gap, which he wrote. And I recommend it to all entrepreneurs. By the end of this dialogue, we hope you'll have gained radical new insights into how you can do legendary things in your life and career. Traversing the Traction Gap The conversation begins with a discussion of Bruce Cleveland's book, Traversing the Traction Gap. His best-selling book was praised by Silicon Valley insiders and many entrepreneurs for the information and insights it provided. Bruce shares that his reason for writing the books stems from people trying to make VC seem like a mystical thing, rather than explaining things in a clear way. “The reason I wrote it was because I began to grow pretty weary of really, really smart people not making it. Their companies not surviving for a variety of reasons. And they all tended to be pattern-matched against those reasons. I was also not happy with the venture community in its entirety, because I don't think it was honest with a lot of these entrepreneurs as to why they weren't getting investments, etc. And I kind of wanted to demystify those issues.” – Bruce Cleveland Bruce Cleveland on helping out entrepreneurs Another reason Bruce gives for writing out the book is that he wanted to help out fellow entrepreneurs who may be feeling lost, or guide those who are doing well into things that could make their ventures better. “The purpose and objective of this book was to share with entrepreneurs that, “hey, here's some things you could possibly do to significantly enhance the probability of success.” You know, we only get one shot at this life, I felt like I owed it back to the entrepreneurs of the world who take all the risk as to what I saw, from my vantage point, both as an operating exec and as an investor, to why I thought things weren't working for the vast majority of startups.” – Bruce Cleveland C3.ai and Enterprise AI The conversation then goes to Bruce's latest ventures into category creation. Together with Tom Siebel, they founded C3.ai, which delves into enterprise AI. Bruce then talks about how it came to be, and how working on C3.ai has been so far. “I think this is one of the benefits of having a CEO who understands and believes in category creation, is that it as your job as CMO becomes much easier to do.” – Bruce Cleveland When they started conceptualizing and creating the category of enterprise AI, the term wasn't even on the radar. While there were companies who were doing something similar to a lesser degree, it wasn't clearly defined, and no one was pursuing rapid advancement on it. Now, it's something that a lot of companies are looking at, and C3.ai is at the forefront of it. To hear more from Bruce Cleveland and how to have a legendary career in VC and tech, download and listen to this episode. Bio Bruce Cleveland's career in Tech spans more than 40 years as a venture investor and operating executive. He was a first investor and a board member of Marketo, which held an IPO in 2013 and was acquired in 2018 by Adobe for $4.75B. He was an early-stage investor in other notable companies such as C3.ai, Doximity, Vlocity, and Workday. Bruce also held senior executive roles in engineering, product management and product marketing at Apple, AT&T, C3.ai, Oracle and Siebel Systems. His book, Traversing the Traction Gap, is a prescriptive guide for startups and new product initiatives within larger companies helping teams to use ‘market engineering' techniques t...

http://loosescrewsed.com Join us on discord! And check out the merch store! https://discord.io/LooseScrews Support us on Patreon: https://www.patreon.com/LooseScrewsED Squad Update: Wars ended in Yemaia and 23 Andromedae, Election in Midgard. 6 Andromedae wasin expansion. Ending in target: Cempsigi. Still trying to build our influence in Tripu, Calarum, and other systems a system mildly over-heating. Please remember to mark the standing orders post with the appropriate emoji when doing BGS work. This not only helps others see what has already been done, so they can better decide where to apply their efforts, there MAY just be a little contest going for the month of November… BGS Honor Roll - CMDRs Brolinium Falcon, Baillevi, Grover Kiwi, Inigomontoya, Larkshadow, Mr. McG33k, Oblivious, Rick “FN” Dalton! All details in the #standing-orders and/or the #loose-screws-factions channels of the Discord. Dev news: Update 14 later this month or early next month PLAY BARD HERE(?) In-Game News: there are still 8 Caustic Cloacas the first within 370ly of sol https://canonn.science/codex/xenotechnology/unidentified-interstellar-anomaly/ Thargoid Bug Report: Another shoutout to CMDR Borqed_Bits, hero of the realm Operation Bronze Medal (4th place) - 4th place (75B), 25B back from 3rd, 27B from 2nd http://thargoid.watch https://www.goidhub.com/ Bug Bug Report: Remember to vote up the GPU utilization issue on the tracker! Now the 8th top voted; keep it going (update from tracks issue) https://issues.frontierstore.net/issue-detail/48884 Anarchy Extinction Bug: the SALVAGE mission SCAVENGER NPCs are still attached to local anarchy and not some neutral pirate faction. You can still be sent on missions by an anarchy faction where you have to murder that faction's NPCs to complete it. (raised by Naboo) Previously reported as fixed by FDev, it was apparently only fixed for retrieval and protect missions. https://issues.frontierstore.net/issue-detail/51930 Chig chat: Discussion: AX tutorial Discussion WhErE tHe ChEeSe At? Mozzarella….so go get some pizza… Community Corner: Movie anniversaries: Lincoln (November 9) 10 years Skyfall (November 9) 10 years No Country For Old Men (November 9) 15 years 8 Mile (November 8) 20 years Starship Troopers (November 7) 25 years Bram Stoker's Dracula (November 13) 30 years If you like the show please rate and review on your podcast app, which helps people find the show. Join us on Discord at discord.io/loosescrews and check out the merch store at loosescrewsed.com for mugs, t-shirts, hoodies, and more. And you can support us on patreon!

Today's blockchain and cryptocurrency news Bitcoin is down ,5% at $20,506 Ethereum is down 1% at $1571 Binance Coin is down 1% at $344 Polygon up 20% Stripe cuts 1000 jobs GALA token down 20% on white hat hack miscommunication from team Block reports $2.75B net revenues. PayPal reports $6.85B Q3 Twitter halts work on crypto wallet. OKX new home in bahamas. Learn more about your ad choices. Visit megaphone.fm/adchoices

http://loosescrewsed.com Join us on discord! And check out the merch store! https://discord.io/LooseScrews Support us on Patreon: https://www.patreon.com/LooseScrewsED Squad Update: Wars firing up in Yemaia and 23 Andromedae, Election in Midgard. Go! Fight! (Vote!), Win! 6 Andromedae is in expansion. Current probable target: Cempsigi. Still trying to build our influence in Tripu, Calarum, and 4 other systems Three systems (Unktomi, Maikoro, Snoqui Xian) mildly over-heating. Please remember to mark the standing orders post with the appropriate emoji when doing BGS work. This not only helps others see what has already been done, so they can better decide where to apply their efforts, there MAY just be a little contest going for the month of November… All details in the #standing-orders and/or the #loose-screws-factions channels of the Discord. Dev news: Frameshift Live #20 will be Thursday Nov 3rd at 16:00 UTC Special interview with a guest from Canonn Research Autumn themed twitch drops PLAY BARD HERE(?) In-Game News: Now there are 8 Caustic Cloacas https://canonn.science/codex/xenotechnology/unidentified-interstellar-anomaly/ Pre-engineered Heatsink rewards have arrived Thargoid Bug Report: Another shoutout to CMDR Borqed_Bits, hero of the realm Operation Bronze Medal (4th place) - 4th place (75B), 25B back from 3rd, 27B from 2nd http://thargoid.watch https://www.goidhub.com/ Bug Bug Report: Remember to vote up the GPU utilization issue on the tracker! Now the 8th top voted; keep it going (update from tracks issue) https://issues.frontierstore.net/issue-detail/48884 Anarchy Extinction Bug: the SALVAGE mission SCAVENGER NPCs are still attached to local anarchy and not some neutral pirate faction. You can still be sent on missions by an anarchy faction where you have to murder that faction's NPCs to complete it. (raised by Naboo) Previously reported as fixed by FDev, it was apparently only fixed for retrieval and protect missions. https://issues.frontierstore.net/issue-detail/51930 Chig chat: Discussion: AX tutorial Discussion WhErE tHe ChEeSe At? Huntsman is a concoction of two classic cheeses produced in the English countryside. Double Gloucester is a firm, mellow and tangy cheese made only from the milk of Gloucester cows in southwestern England while Stilton Blue cheese is a blue-veined, strong, smooth and creamy cheese with a distinctive flavor profile. It is a difficult cheese to cook with, but visually stunning on a cheese platter. Each cheese could have its own wine pairing, but together they go well with ales and beers. Community Corner: Movie anniversaries: Wreck-It Ralph (November 2) 10 years American Gangster (November 2) 15 years If you like the show please rate and review on your podcast app, which helps people find the show. Join us on Discord at discord.io/loosescrews and check out the merch store at loosescrewsed.com for mugs, t-shirts, hoodies, and more. And you can support us on patreon!

U.S. homebuyers buy the dip as prices cool in August vs. July, report shows. Amazon reportedly suspends construction of new warehouses in Spain until 2024. Volkswagen targets up to $75B valuation in upcoming Porsche IPO. Catch today's WSB article seekingalpha.com/wsb. Invest Successfully With Alpha Picks https://seekingalpha.com/alpha-picks/subscribe.

Microsoft has announced its intention to make the largest tech acquisition ever by buying Activision-Blizzard for ~$75B ($68.7 when you net out Activision's cash). This is Microsoft's 3rd major gaming acquisition as it attempts to build the “Netflix for Gaming" with its Game Pass service. We cover the details of the deal: what the combined company will look like, how this fits into Microsoft's metaverse strategy, Microsoft's commitment to change the Activision-Blizzard culture, the $3B “breakup fee” that Activision is on the hook for if deal falls through, the potential challenge from the FTC and more! (00:00) Jason & Molly introduce the show (01:48) The terms of the Activision-Blizzard acquisition (03:17) Satya Nadella's Metaverse strategy (04:52) Microsoft's growing gaming universe and subscription offering (07:05) Key titles across Activision-Blizzard's gaming units (08:34) Vanta - Get get $1,000 off automating your SOC 2 at https://vanta.com/twist (09:56) Game Pass metrics (10:44) Activision Blizzard's recent history of sexual harassment scandals (11:40) Will the FTC allow the acquisition to go through? (13:41) The unique $3B breakup fee that was worked into this deal (15:45) Why the breakup fee may be linked to the harassment investigations (17:55) Dataiku - Create transparent, repeatable, and scalable AI and analytics programs. Visit https://dataiku.com to learn more. (18:53) Why Jason doesn't think this deal will be struck down for antitrust (21:45) How Lena Khan may approach this differently than previous FTC chairs (22:45) Could regulation sabotage American competitiveness? (26:52) Should American companies be prized if they are actively avoiding taxes? (28:42) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist (29:45) Molly and Jason play "Armchair Corporate Development" (37:54) Jason and Molly take an audience question - Can there be another Google? FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood