This Week in Startups Stability AI's $1B+ valuation, why you should start or join a startup, Roblox jumps 20% | E1589
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Oct 18, 2022 Stability AI reaches a staggering billion-dollar valuation, showcasing its unique AI art generation features. The discussion also celebrates Roblox's impressive 20% stock surge after strong metrics. Insights on why starting or joining a startup can be more beneficial than corporate jobs are shared, emphasizing hands-on experience and innovation. Delta Airlines' significant investment in Joby Aviation highlights the future of urban transport with flying taxis. The podcast explores how generative AI is revolutionizing creative professions and the importance of entrepreneurship in challenging economic times.
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Stability AI's Valuation
- Stability AI, creator of Stable Diffusion, achieved a $1 billion valuation with its AI image generation technology.
- The platform's open-source nature and editing tools have attracted millions of users, but its profitability remains unclear.
Startup vs. Big Company
- Work at a startup for diverse experience and rapid learning, rather than joining a big company.
- Focus on professional development and learning various skills, from sales to legal concepts.
World-Class Investing
- Venture capital requires dedication and hard work similar to being a founder, including 24/7 availability.
- Focus on mentoring emerging talent rather than established investors.