Let’s talk succession planning
welcome to startup A nuanced take on this week’s startup news and trends from Weekly, senior reporter and equity co-host Natasha Mascarenhas. Subscribe to receive this in your inbox gentleman.
Maybe it’s the fact that “Succession” is back next week, or the fact that Silicon Valley has experienced its first banking crisis, but I want to talk about startup pedigree.
As I write in my latest post:
Silicon Valley Bank is a reminder that startups entrenched in a world of risk and waste often forget to think about the obvious single point of failure. But just as it makes sense to rely on a community-friendly bank, it also makes sense to leave it to one person to run your business successfully. Okay, so maybe it’s time to reconsider the latter.
Read below for my full take on the new concerns founders have to think through. “Banking is not the only ‘single point of failure’ that entrepreneurs should rethink.”
For more information, please read about crypto corner, My latest snapshot of the founder’s mind, Impact on black founders and All this timeline expanded recently. This is where SVB’s coverage ends, for the writers of this newsletter to stay sane and remember that there is a world outside the bank bunkers.
The rest of this newsletter covers news that was buried this week and GPT-4.As always you can follow me twitter again Instagram to keep the conversation going.You can also send me tips firstname.lastname@example.org or +1 925 271 0912 traffic light. No pitch.
This is not what GPT-4 wrote
In this week’s Equity, Alex and I talked about the above, but more interestingly, about the future of AI. We talk about the impact of technology with smart people writing books, context, and the vitality of technology in general. We need it, and I’m not just saying it because I live a stone’s throw from the valley of the brain.
Here’s why it comes to mind. GPT-4 launched this week From the team behind OpenAI. Our own Kyle Wiggers reports: For example, GPT-4 passes the mock bar exam and scores in the top 10% of candidates. In contrast, GPT-3.5 scored around the bottom 10%. ” Beta testers included companies like Stripe, Duolingo and Khan Academy.
News is often buried when there is an obvious zeitgeist. As a result, his week has been filled with much more noteworthy news, both good and bad.The list includes Launch house downsizes existing business dismiss the staff Klaviyo too and Course hero conducting company-wide layoffs first time.
Here are some others we couldn’t share our 2 cents with:
- Back to Saturday: If you missed last week’s Startups Weekly, check out my latest issue here. “A highly biased branding risk in venture capital”
- Shall we play on campus? TechCrunch takes place in Boston on April 20th. Along with his favorite colleague, he will be interviewing top experts at a one-day Founders Summit. Book your pass early! speaker included Kerty Levy from Techstars, Dana Grayson of Construct Capital and NFX’s James Currier.
- shout out to it All the sources this past week, on the record and off the record, that helped us understand Silicon Valley’s first real banking crisis. There is still much to learn and many questions await. Please continue to provide trust and tips.
- Programming notes: If you’re reading this in your browser, put this in your inbox too! Subscribe gentleman Share with your friends.
Saw it on TechCrunch
Google warns users to take steps to protect against remotely exploitable flaws in popular Android phones
Virgin Orbit shouldn’t have been on employee furlough
MindGeek, Owner Of Pornhub Sold To Private Equity Firm
Anonymous App Sidechat Picks Up Rival Yik Yak…Users Not Satisfied
Seen on TechCrunch+
Dear Sophie: How can I return to the US as a Founder?
How to pitch: 7 investors discuss what they want in March 2023
Zero-Based Budgeting: A Proven Framework for Extending Runways
Product-led growth is driving a wave of sales tool start-ups
Given that COVID-19 is still an ongoing pandemic and the recession continues to provide hurdles, Silicon Valley has been through a very exhausting stretch. If you’ve made it to the end, thank you and take another nap. we are here on monday you deserve a little rest. We’ll probably say sweeter words about how technology has held together in times of extreme stress, but for now, go to sleep.
Chat now — let me know if you’d like to livetweet “Succession” with me next week?