Preparing for the Emergence of Trillion-Dollar AI Businesses

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This is the most fascinating time for AI innovation. It's crucial to assess AI companies carefully even though many are pursuing foundation models. Understanding the differences and staying informed is vital. Just like in 1998 when search was emerging, being prepared is key. The goal is to anticipate the emergence of the next trillion-dollar AI businesses and prepare the groundwork for it.

This Week in Startups is presented by:

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Today’s show:

First up, Jason does a full breakdown of what’s going on at Reddit, and why this is happening now (1:21). Then, Brad Gerstner joins to break down the state of the markets in 2023 (18:28), his “Time to Get Fit” letter to Meta (30:06), and more!

Brad’s fireside chat was recorded live at LAUNCH Angel Summit in Napa.

Follow Brad: https://twitter.com/altcap

Time stamps:

(0:00) Jason tees up today’s segments!

(1:21) Breaking down the Reddit situation: Why 2000’s-era web companies relied on third-party apps built on their API

(3:10) Origin and current state of the Reddit revolt, CEO Steve Huffman’s AMA and comments

(10:27) Jason’s hot takes on how to solve the third-party app API pricing issue, Reddit’s IPO price, and more

(17:00) LinkedIn Jobs - Post your first job for free at https://linkedin.com/twist

(18:28) Brad Gerstner joins live from Angel Summit! Importance on non-consensus conviction, first-party research, how Brad first invested in Facebook

(29:00) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist

(30:06) Brad breaks down the greatness in Zuckerberg and Meta’s reaction to his “Time to Get Fit” letter

(34:08) Current state of the markets

(38:05) iConnections - Get 20% off iConnections Miami 2024 event at http://iconnections.io/twist

(39:48) Predicting what the AI innovation cycle will look like when compared to past cycles: pc, internet, mobile, cloud; why now is the most important time for AI investing

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Great recent interviews: Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt

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