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Reddit's growth from a small platform to a significant player in the advertising space was highlighted. Initial struggles with brand safety and education, transitioning to a user-friendly platform, and successful revenue growth were discussed. The platform's evolution, unique user communities, and the challenges of monetizing influential audiences were emphasized.
The discussion revolved around the significance of AI investments and emerging trends in AI-focused funds. Insights on technical expertise, AI infrastructure layers, and the rapid growth potential of AI startups were shared. The impact of AI on scaling businesses, the evolving application layer, and the role of data in driving value were explored.
The emergence of the Open AI corporate fund and its strategic investments were analyzed. The benefits and drawbacks of corporate VCs for startups, including validation, seasonal nature, and strategic alignment, were scrutinized. The importance of selecting venture partners wisely and maintaining focus on sustainable growth over external validation were underscored.
Investors face the decision between established partners like Microsoft and VC firms like Sequoia when seeking funding for startups. Sequoia's reputation for nurturing legendary companies aligns with long-term success and building sustainable businesses. Strategic partnerships like that with Microsoft indicate the potential for high-growth ventures with expert guidance in the Open AI Fund.
The emergence of AI in various industries prompts a shift towards leveraging open source models for innovation. Companies like Apple and Google embrace open source AI to improve user experiences and develop consumer-friendly applications. The discussion delves into the monetization potential of AI technologies and the importance of proactive portfolio construction to capture growth opportunities in AI startups.
This Week in Startups is brought to you by…
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Todays show:
David Weisburd hosts Bryan Rosenblatt, Michael Downing and Jason Calacanis to discuss Reddit’s IPO (1:19), Consumer vs. Enterprise AI (22:02), Sam Altman’s New Fund (38:18), and much more!
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Timestamps:
(0:00) David Weisburd hosts Bryan Rosenblatt, Michael Downing and Jason Calacanis
(1:19) Discussion on Reddit’s IPO and potential as an advertising business
(9:28) Northwest Registered Agent - Get a 60% discount on your next LLC at - https://www.northwestregisteredagent.com/twist
(10:23) Reddit’s IPO and potential as an advertising business cont.
(16:44) AI Integration in traditional businesses
(20:56) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist
(22:02) Consumer vs. enterprise AI
(37:09) Miro - Sign up for a free account at https://miro.com/startups
(38:18) Sam Altman’s venture capital fund and the future of the AI ecosystem
(1:05:06) Rapid fire segment on recent investments
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Mentioned on the show:
https://www.wsj.com/tech/ai/generative-ai-business-implementation-ac995975?mod=tech_lead_pos4
https://www.axios.com/2024/02/15/sam-altman-openai-startup-fund
https://www.recursiveventures.com
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Follow Bryan
X: https://twitter.com/BRosenblatt4
LinkedIn: https://www.linkedin.com/in/bryanrosenblatt
Check out: https://www.craftventures.com
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Follow Michael
X: https://twitter.com/michaeldowning
LinkedIn: https://www.linkedin.com/in/michaeldowning
Check out: https://www.mdsv.vc
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Follow David:
X: https://twitter.com/DWeisburd
LinkedIn: https://www.linkedin.com/in/dweisburd
Check out: https://10xcapital.com
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Follow Jason:
X: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(9:28) Northwest Registered Agent - Get a 60% discount on your next LLC at http://www.northwestregisteredagent.com/twist
(20:56) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist
(37:09) Miro - Sign up for a free account at https://miro.com/startups
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Check out the Launch Accelerator: https://launchaccelerator.co
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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow TWiST:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
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Subscribe to the Founder University Podcast: https://www.founder.university/podcast
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