Equity Don’t use Sam Altman and AI hype in the same sentence
4 snips
Mar 17, 2023 Alex and Natasha dive into the latest tech mergers, including Qualtrics' bold move to go private. They explore the implications of recent layoffs at Y Combinator and what that signifies for the startup landscape. The conversation shifts to GPT-4, discussing its advancements and how companies are racing to integrate AI into their products. They also provide updates on the SVB situation and reflect on the evolving dynamics in venture capital amidst a fascinating period in the tech industry.
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M&A Spree
- Several major M&A deals happened this week, including Qualtrics, Cvent, and Mint Mobile.
- These deals signal a potential shift in the market, even though startup deals and IPOs are still preferred.
Meta Layoffs and Restructuring
- Meta's layoffs and project cancellations aim to reduce expenses and boost investor morale.
- However, the financial benefits seem small compared to the human cost and Meta's overall revenue.
Meta vs. Airbnb Layoffs
- Meta's layoff approach contrasts with Airbnb's, which prioritized rehiring laid-off employees.
- This suggests Meta employees are more prepared for the startup world due to their intense work environment.