Instagram co-founder and CEO Kevin Systrom says he's jealous of younger entrepreneurs. He thinks the era of tech being able to do whatever it wants is long gone, hopefully. The good times have led to an enormous amount of excess, whether in Web 3 or crypto,. But there's just a lot of hype and hot air that led to people losing money.
After a quick rundown of Kara’s Twitter feud with SVB-enthusiast David Sacks, we turn to an interview with a former Silicon Valley Bank customer: Kevin Systrom. When you found one of the most successful social media apps at 27, it’s tough to figure out where to go with Act Two. But after leaving Facebook (now Meta) in 2018, Systrom is back with an AI-powered news-reader called Artifact which has been dubbed a “Tiktok for Text.” Onstage at SXSW this weekend, as the SVB crisis was playing out, Kara and Kevin discuss his regrets about Instagram, his plans to crack the news business and what’s wrong with tech bros.
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