Wild chart from Jim Reid at Deutsche Bank, showing how much OpenAI is expected to burn before turning a profit.
A couple things stand out also: How small the $AMZN burn really was for its first 8 years. How big the $UBER burn was before ultimately getting in the black
Join Reid Hoffman and VCs for Kamala for the great VCs + friends phone banking session! Saturday November 2nd, 9am-11am, on zoom. Everyone is welcome, no experience necessary. Sign up at https://t.co/Gm3YY9gAVt
🎙️Had a blast chatting with @may_habib, founder and CEO of @Get_Writer, one of the fastest-growing enterprise AI companies!
✨We discussed her journey founding a GenAI company before the ChatGPT craze, building an enterprise-grade product and GTM motion with 200%+ net retention (!), what role RAG and vectorDBs have in the enterprise, and much more! May is a second-time founder and dropped a bunch of gems for anyone out there building in #AI.
🎧Tune in and subscribe wherever you listen to your podcasts:
YouTube: https://t.co/hvAOsnCd1D
Spotify: https://t.co/ETpL0bFcSa
Apple: https://t.co/7Hb8JFeQwl
Podcast Addicts: https://t.co/o5bjcl8bvy
Madrona site (includes transcript): https://t.co/qxJWyiypOq
It is with immense pride in the @RoverDotCom team and all that they have accomplished that we celebrate the closing of Blackstone's acquisition of the company. Read about our Rover journey — from Day 1!
https://t.co/Xk17HcC4Z4
Our collaborative blog with the Amazon S3 team is live! Discover how Visual Layer's cloud users enhance the quality of their massive image and video datasets using AWS infrastructure, especially S3. 🚀
#AWS
https://t.co/BiSNRdektK
Consumers aren't going anywhere and will continually have new interests that can be filled by startups. Also, consumer sentiment climbed 29% over the last two months (https://t.co/vptKXOq7Lf).
Not me! Sounds like this may be the best time to build and invest in the next big consumer company.
Other factors are encouraging some VCs to shift their strategy, but "VCs giving up on the idea of investing in consumer" is wrong.
Venture capitalists have given up on the idea that they’ll make their career finding the next hit consumer marketplace, retail brand or media company.
https://t.co/M7A5JgiPiI
Dealmaker by @KateClarkTweets
Congratulations @tweetsbycolin, Braden Sidoti, and the entire @clerk team on their Series B! 🎉 It's been exciting to work with this company and see the number of developers that continually choose Clerk to authenticate and manage users.
We have some exciting news to share… We’ve raised a Series B led by @CRV, with participation from @stripe, @a16z & @MadronaVentures!
We can’t wait to continue this journey with all of you, and show you what we are building next! 🚀
https://t.co/eadtoycxVh
Clerk now manages over 16 million end-users across verticals like SaaS, fintech, and e-commerce. The company constantly provides a simple, intuitive, high-quality user experience.
AI is redefining team management and productivity. ✨
We @MadronaVentures are thrilled to partner with @vetri_vellore for the second time on his new venture, Rhythms, along with Greenoaks, @Accel, and others.
Rhythms is creating a unique category within enterprise software, building the AI-powered operating system that enables every enterprise to achieve best-in-class performance and productivity.
Vetri has dedicated his career to developing products that enhance purpose, happiness, and productivity in the workplace. We are excited to partner with him again on his journey to build a company that defines the industry for team productivity.
Great write up from @Kyle_L_Wiggers at @TechCrunch on how Rhythms is helping enterprises boost productivity across teams.
Today we're thrilled to announce that we are partnering with @GettyImages to build enterprise ready AI tools that will allow companies to create high-quality, customized video content.
Read more: https://t.co/LjTUcVvfxt
We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners. We look forward to getting to know Emmett Shear and OAI's new leadership team and working with them. And we’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team. We look forward to moving quickly to provide them with the resources needed for their success.
AI is here to stay, and every company is racing to figure out how to adopt it. 🚀
@SapphireVC’s @cgao and @leejane09 hosted a dinner for CEOs with @MadronaVentures’ @MariaGilfoyle, Sabrina Wu, & @palak_go to bring together leaders across the AI/ML community in Seattle. Scenes from the evening below. 💫
Get to know Investor @MariaGilfoyle in our latest Founded & Funded Investor Spotlight. Learn how she pivoted from wanting to become an artist into #VC, her design-first focus, what she looks for in founders, and what she enjoys outside the office. 👂👉 https://t.co/25Bj1hBd2N