This Week in Startups E1013: Decade Wrap-Up Roundtable! Garry Tan, Initialized Capital & Zach Coelius, Coelius Capital on the biggest hits & misses of the past decade: Trump, Theranos, Streaming, Mindfulness, Crypto, Tesla, WeWork, Amazon Prime, Vaping & more!
Dec 27, 2019
Garry Tan, co-founder of Initialized Capital, and Zach Coelius, founder of Coelius Capital, reflect on a decade of highs and lows in tech and politics. They tackle fascinating contrasts like ride-sharing versus AI and the impact of Amazon Prime against 4G LTE. The duo shares their picks for the biggest wins and losses, from WeWork's downfall to the ICO craze. They ponder what defines the 2020s, navigating themes of mindfulness versus technological chaos. Their insights reveal the evolving landscape and the balance of progress and societal impact.
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AI/ML's Impact
- AI and ML are emerging technologies with transformative potential.
- Deep learning and computer vision are rapidly advancing, impacting various industries.
Standard Cognition
- Standard Cognition uses cameras to create cashierless stores, similar to Amazon Go.
- This technology is more affordable for retailers than sensor-based systems.
AI Drive-Thru
- Apprente, an AI company, was acquired by McDonald's to automate drive-thrus.
- The AI takes orders with better accuracy than humans, demonstrating AI's potential.