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The High Stakes of Valuation and Automation
This chapter explores the implications of a potentially inflated $150 billion valuation in venture capital, while addressing the risks and excitement surrounding it. It also delves into the darker side of trade through illicit activities at shipping ports and the evolving impact of automation on the workforce, both blue collar and white collar.
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Todays show:
Alex Wilhelm joins Jason to discuss the ongoing ILA strike and impact (2:34), Startup opportunities in port automation (39:49), CRV's $275M return to investors (55:33), OpenAI closing its $6.6 billion mega-round (1:12:07), and more!
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Timestamps:
(0:00) Jason and Alex kick off the show
(2:34) The ILA strike overview and impact
(4:59) Technology and efficiency in global ports
(10:10) Notion - Try it for free today at https://notion.com/twist
(11:43) Labor, supply chain fragility, and union perspectives
(20:12) Future of port automation and union demands
(27:07) Fidelity Private Shares℠ - Visit https://www.fidelityprivateshares.com! Mention our podcast and receive 20% off your first-year paid subscription.
(28:27) Societal impacts of potential future labor changes
(38:07) Kyte - Download the Kyte app or book online at https://www.kyte.com and use code JASON to save 10% on your first rental.
(39:38) Startup opportunities in port automation and technology resistance
(45:13) Innovations in port tech
(50:11) Broader impact of automation on employment
(55:39) CRV's $275M return to investors
(1:00:06) Focusing on core strengths in venture capital
(1:02:16) Current market conditions and lack of late-stage IPOs
(1:08:26) Essential skills for venture capital investing and variability in VC fund performance
(1:12:07) OpenAI closing its $6.6 billion mega-round
(1:18:27) Audience Q&A
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Mentioned on the show:
https://www.gao.gov/assets/d24106498.pdf
https://ilaunion.org/ila-halts-negotiations-with-usmx-amid-automation-disputes/
https://www.cbsnews.com/news/how-much-do-dock-workers-make-longshoreman-salary/
https://www.nytimes.com/2024/10/02/technology/crv-vc-fund-returning-money.html
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Follow Alex:
LinkedIn: https://www.linkedin.com/in/alexwilhelm
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Follow Jason:
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(10:10) Notion - Try it for free today at https://notion.com/twist
(27:07) Fidelity Private Shares℠ - Visit https://www.fidelityprivateshares.com! Mention our podcast and receive 20% off your first-year paid subscription.
(38:07) Kyte - Download the Kyte app or book online at https://www.kyte.com and use code JASON to save 10% on your first rental.
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Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow TWiST:
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
Instagram: https://www.instagram.com/thisweekinstartups
TikTok: https://www.tiktok.com/@thisweekinstartups
Substack: https://twistartups.substack.com
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Subscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916
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Listen to the best highlights from the podcasts you love and dive into the full episode