Is This Going to Have a Big Impact on Startups?

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The Wall Street Journal reported that JP Morgan Chase CEO, Jamie Diamond, is leading discussions with CEOs of other major banks to help stabilize First Republic. Among the options on the table, the people said, is an investment in First Republic by the banks themselves. So we could actually see a couple of the top four US banks investing in First Republic. The equity in them is incredibly low. And so I think you would basically own that bank if you were to start investing in it.

Rachel Reporting joins Jason to read the news! First, they give an update on the banking crisis and how it’s impacting startups (1:34). Then, they cover Balaji’s huge Bitcoin bet and his predictions for the future (14:17) before breaking down OpenAI’s launch of GPT-4 (35:07). Finally, Jason wraps up with some Jay Trading updates (57:28)!

(0:00) Jason kicks off the show

(1:34) Banking crisis update & how it affects startups

(10:11) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist

(11:14) Best practices for banking

(14:17) Balaji’s huge Bitcoin bet

(22:18) LinkedIn Jobs - Post your first job for free at https://linkedin.com/twist

(23:42) Balaji’s predictions for the future

(32:41) Ray Dalio’s The Changing World Order

(33:46) CacheFly - Get 10 Terabyte free forever if you signup at http://twist.cachefly.com

(35:07) A breakdown of OpenAI’s launch of GPT-4

(57:28) Jay Trade update

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