OpenAI drama, billion-dollar exits, and founder salaries with new co-host Alex Wilhelm | E1953
This Week in Startups
Intro
The chapter humorously compares the ongoing developments at OpenAI to a soap opera, while also introducing a new co-host who brings familiarity and excitement back to the podcast. Promotional segments highlight various sponsors supporting startups and their contributions to the industry.
This Week in Startups is brought to you by…
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Timestamps:
(0:00) Alex Wilhelm joins Jason to dive into this week’s news.
(1:17) Announcing new co-host on TWiST Alex Wilhelm of TechCrunch fame!
(3:03) Alex breaks down what’s on the docket for today!
(4:16) The OpenAI equity issue.
(10:38) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist
(12:39) OpenAI’s ChatGPT 4o. (15:33) Why ChatGPT is better than Siri.
(17:50) OpenAI’s net revenue in the wake of last week’s announcements. (20:04) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups (22:06) Comparing the needs of consumers vs enterprise for ChatGPT. (24:17) OpenAI has pulled “Sky” one of the voices for the new ChatGPT 4o due to it sounding like Scarlett Johansson
(28:48) Equinix - Join the Equinix Startup Program for up to $100K in credits and much more at https://deploy.equinix.com/startups (30:01) Alex’s favorite topic around how much founders paying themselves. (38:46) A billion-dollar deal in cybersecurity.
(45:43) Breaking news Scar Jo!
(56:24) What’s going on with crypto-venture capital.
(58:02) A look at “decentralized twitter” called Farcaster.
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Links from episode:
OpenAI Equity link: https://www.businessinsider.com/sam-altman-openai-nda-clause-vested-equity-ilya-sutskever-2024-5
OpenAI revenue growth https://techcrunch.com/2024/05/20/chatgpts-mobile-app-revenue-saw-biggest-spike-yet-following-gpt-4o-launch/
Founder salary report: https://pilot.com/founder-salary-report-2024
CyberArk-Venafi deal: https://techcrunch.com/2024/05/20/cyberark-snaps-up-venafi-for-1-54b-to-ramp-up-in-machine-to-machine-security/
Crypto VC rising: https://www.reuters.com/technology/venture-capital-funding-crypto-rises-24-bln-pitchbook-says-2024-05-20/
Check out Farcaster: https://www.farcaster.xyz/
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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
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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:
(10:38) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist
(20:04) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups (28:48) Equinix - Join the Equinix Startup Program for up to $100K in credits and much more at https://deploy.equinix.com/startups
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Great 2023 interviews: Steve Huffman, Brian Chesky, 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:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
Instagram: https://www.instagram.com/thisweekinstartups
TikTok: https://www.tiktok.com/@thisweekinstartups
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