YC, OpenAI and the trough of disillusionment
This week, Equity has the update on the writer's strike's implications on AI, deals of the week from OpenAI and Arc, YC and the role of accelerators in the startup world, and shifts in the tech labor market as layoffs subside.
Equity · TechCrunch, Rebecca Bellan, Kirsten Korosec, Anthony Ha, Sean O'Kane, Theresa Loconsolo
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Show Notes
Here's what Mary Ann, Alex and Kirsten got into this week:
- The writer’s strike is over, and we have thoughts about its implications on AI.
- OpenAI is allowing some shareholders to sell stock, and the resulting valuation could be pretty darn high.
- Electric boat startup Arc has raised about $70 million? We aren’t about to drop the coin needed to buy one of those, but the idea is neat nevertheless.
- Alex wanted to talk about fluctuations in the venture and stock markets. Is the mini-tech recovery already fading after a dismal September?
- Mary Ann wanted to talk about YC. Kirsten broadened the conversation to include the role of accelerators in the startup world more generally. Are the vibes shifting?
- Finally, the tech labor market: As layoffs subside — though new cuts are still being announced — it may be a great time for startups to hire key talent.
And before we go: check out the UpFlip Podcast where you get to unravel how great businesses are built, how they are run behind the scenes and how their success can be replicated. We think you'll love episode 79 where they featured this guest who transformed his passion for gardening into a $7.3 million-a-year venture. You can find the podcast on Youtube or wherever you listen to podcasts.
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Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
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