AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
AI integration holds immense potential for small businesses, enabling them to enhance productivity and efficiency. Through vertical SAS applications, small businesses can leverage their proprietary data sets to deliver extraordinary customer outcomes. Vertical SAS companies, with a significant head start, are well positioned to lead the AI revolution by creatively exploiting their existing solutions and data, resulting in improved customer outcomes.
AI's transformative impact on workforce efficiency presents a significant opportunity for continuous improvement. The potential for employees to become 1-2% more efficient each month lays a foundation for exponential growth in productivity. This trend foresees a future where individuals can double their proficiency in as little as 35 months, creating a paradigm shift in operational effectiveness across various job roles.
The evolution of AI technology exemplifies a culmination of technological advancements, setting the stage for significant economic growth. With AI emerging as a pivotal technology, its integration across enterprise companies is poised to revolutionize traditional business operations and drive productivity enhancements. This shift marks a monumental era of advanced technology adoption, offering unparalleled opportunities for businesses to optimize operations and generate substantial returns.
The critical role of advisors and board members in guiding business transformation cannot be understated. Their diverse expertise and strategic counsel provide invaluable insights that enable CEOs to navigate challenging decisions and steer their organizations towards success. Building strong relationships with seasoned advisors fosters a culture of transparency and proactive decision-making, empowering companies to embrace change and unlock new growth opportunities.
The podcast discusses how investments in AI infrastructure by companies like Amazon, Microsoft, and Google, as well as newer companies like OpenAI and Anthropic, are set to benefit the startup community. With the ongoing capital inflow into AI infrastructure, the next few years are expected to witness more efficiently run startups requiring less capital. This trend could result in founders retaining more ownership, investors seeing better returns, and potentially larger outcomes for these startups.
The episode explores the interconnected dynamics of remote work, AI advancements, and the changing nature of workforce distribution. The conversation delves into the efficiency gains of working remotely and the increasing reliance on global talent pools. Founders are leveraging AI tools to drive productivity and are exploring the integration of remote work models with AI technology to streamline operations. This shift towards remote work and AI applications has the potential to reshape traditional work settings and enhance efficiency across various industries.
This Week in Startups is brought to you by…
NetSuite. The number one cloud financial system, bringing accounting, financial management, inventory, and HR, into ONE platform. Giving you ONE source of truth. By popular demand, NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://www.netsuite.com/liquidity
OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at https://www.openphone.com/twist
HiddenLayer. Generative AI is revolutionizing industries. HiddenLayer’s AI Detection & Response Solution secures your Generative AI & LLMs from malicious attack. Helping you generate more – by enabling seamless & secure Generative AI. Visit https://www.HiddenLayer.com/TWiST to learn more.
*
Todays show:
David Weisburd hosts Jeff Richards, Ryan Denehy, and Jason Calacanis to discuss down rounds in startups (5:26), changing operations in response to market shifts (23:07), and impact of AI & remote work on job availability (1:02:17).
*
Timestamps:
(0:00) David Weisburd intros Jeff Richards, Ryan Denehy, and Jason Calacanis
(5:26) Down rounds and cram down rounds in VC deals
(13:06) NetSuite - By popular demand, NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://www.netsuite.com/liquidity
(14:22) The terms of investment and the importance of good business fundamentals
(21:67) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(23:24) Changing operations in response to market shifts
(30:20) Increasing deal flow and setting ambitious goals
(35:32) HiddenLayer. HiddenLayer’s AI Detection & Response Solution secures your Generative AI & LLMs from malicious attack. Visit https://www.HiddenLayer.com/TWiST to learn more
(37:26) AI adoption in startups and businesses
(1:02:33) The role of remote work in shaping the global economy and the potential of offshore hiring
(1:09:34) Comparing the fundraising process pre and post COVID
(1:14:30) Wrap up: Jeff's latest 3 investments and Ryan's company, https://www.Electric.ai
*
Follow Jeff:
X: https://twitter.com/jrichlive
LinkedIn: https://www.linkedin.com/in/jeffrichards
Check out: https://notablecap.com/
*
Follow Ryan:
X: https://twitter.com/denehyxxl
LinkedIn: https://www.linkedin.com/in/ryandenehy
Check out: https://www.electric.ai/
*
Follow David:
X: https://twitter.com/DWeisburd
LinkedIn: https://www.linkedin.com/in/dweisburd
Check out: https://10xcapital.com
*
Follow Jason:
X: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
*
Thank you to our partners:
(13:06) NetSuite - By popular demand, NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://www.netsuite.com/liquidity
(21:67) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(35:32) HiddenLayer. HiddenLayer’s AI Detection & Response Solution secures your Generative AI & LLMs from malicious attack. Visit https://www.HiddenLayer.com/TWiST to learn more
*
Check out the Launch Accelerator: https://launchaccelerator.co
*
Check out Founder University: https://www.founder.university
*
Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
*
Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
*
Check out Jason’s suite of newsletters: https://substack.com/@calacanis
*
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
*
Subscribe to the Founder University Podcast: https://www.founder.university/podcast
Listen to all your favourite podcasts with AI-powered features
Listen to the best highlights from the podcasts you love and dive into the full episode
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
Listen to all your favourite podcasts with AI-powered features
Listen to the best highlights from the podcasts you love and dive into the full episode