YC, OpenAI and the trough of disillusionment | TechCrunch
Sep 29, 2023 - news.bensbites.co
The latest episode of the Equity podcast, which discusses the business of startups, covered a range of topics including the end of the writer's strike and its implications on AI, OpenAI's decision to allow shareholders to sell stock, and the $70 million raised by electric boat startup Arc. The hosts also discussed fluctuations in the venture and stock markets, the role of accelerators in the startup world, and the current state of the tech labor market.
The hosts also recommended the UpFlip Podcast, particularly episode 79 which features a guest who turned his passion for gardening into a $7.3 million-a-year venture. The Equity podcast is available every Monday, Wednesday, and Friday at 7 a.m. PT on various platforms including Apple Podcasts, Overcast, and Spotify.
Key takeaways:
The writer’s strike is over, and the Equity team discusses its implications on AI.
OpenAI is allowing some shareholders to sell stock, potentially leading to a high valuation.
Electric boat startup Arc has raised about $70 million, sparking a discussion on the venture and stock markets.
The tech labor market is potentially a great time for startups to hire key talent as layoffs subside.
