Artifacts, the AI powered news reader, you launched with your co-founder of Instagram, Mike Krieger. Talk about your exposure. 100% of what we have at Artifacts is now locked up in this process but that's okay because we are seven people. The good news is the co-founders of this company happen to have enough personal liquidity that we can figure out how to loan the company money for the time being. I myself have gold in my mattress, but go ahead.
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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