This Week in Startups

How AI and remote work is coming for your job | E1940

Apr 29, 2024

Jeff Richards, managing partner at Notable Capital, brings years of venture capital expertise, while Ryan Denehy, CEO of Electric.ai, focuses on simplifying IT for small businesses. They discuss the rise of down rounds in startup funding and the importance of financial responsibility during market shifts. The conversation delves into the transformative impact of AI and remote work on job availability, highlighting how businesses can adapt operations and leverage technology for growth. Insights on navigating challenges in the IT landscape for small businesses are also shared.

01:17:28

Creator website

Episode guests

Ryan Denehy

Jeff Richards

AI Summary

Highlights

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

AI integration enhances small business productivity through vertical SAS applications.

AI enables exponential growth in individual proficiency, transforming workforce efficiency.

AI technology revolutionizes business operations, driving economic growth and productivity enhancements.

Deep dives

AI Integration in Small Businesses

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.

Reevaluating the Macro Discussion on Company Efficiency and Budget Efficiency

02:11

Safe Adoption of Generative AI with Hidden Layer

01:53

The Down Round Question

02:04

How to Avoid Facing the Music

01:43

Intro

4min

Navigating Down Rounds in Venture Capital

10min

Navigating the New Landscape of Venture Capital and Business Fundamentals

5min

Navigating Financial Challenges as a Founder

4min

Adapting Operations for Market Changes

10min

Embracing Ambition and Secure AI Integration in Business

3min

Navigating AI in Small Business IT

7min

The Transformative Power of AI in the Workforce

6min

Evolving Startup Dynamics in a Tech-Driven Landscape

21min

10.

Navigating IT Challenges for Small Businesses

6min

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