Let’s talk about succession plans

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Welcome to Startups Weekly, an in-depth look at this week’s startup news and trends by top stock reporters and co-hosts Natasha Mascarenhas. To get this in your inbox, subscribe here.

Maybe it’s the fact that Succession is back next week, or maybe it’s the fact that Silicon Valley has just experienced its first banking crisis, but I want to talk about the streak of decline in startups.

As I write in my last post:

Silicon Valley’s bank is a good reminder that startups, often entrenched in a world of risk and deception, sometimes forget to consider the obvious: individual points of failure. But just as it makes sense to rely on a community-friendly bank, so does entrusting one person with leading your business to success. Now that we’ve seen that the former doesn’t really work, maybe it’s time to rethink the latter.

To fully learn about the new concern founders have to consider, read: “Banking is not the ‘single point of failure’ that entrepreneurs need to rethink.”

For more, read about Coding CornerAnd The latest glimpse into the feeling of the founder, Impact on black founders And This timeline contains all that has been revealed this dimension. This is where SVB coverage ends for this newsletter writer’s purposes to keep her safe and remember that there is a world beyond banking moats.

In the rest of this newsletter, we’ll touch on buried news this week and GPT-4. As always, you can follow me Twitter or Instagram to continue the conversation. You can also send me tips at [email protected] or on Refer to the number +1925271 0912. No playgrounds, please.

GPT-4 This is not written

On Equity this week, Alex and I talk about the future of AI above, but most interestingly. We talk about the impact of technology on the smart people who write the books, context, and general technological exuberance. We need it, and I’m not just saying that because I live a stone’s throw from Brain Valley.

Here’s why it matters: GPT-4 launched this week From the team behind OpenAI. Our Kyle Wiggers reports, “GPT-4 can generate text and accept image and text input—an improvement over GPT-3.5, its predecessor, which only accepts text—and performs on a ‘human level’ on various professional and academic standards. For example, it passes A GPT-4 simulated strip exam with a score near the top 10% of test takers; in contrast, a GPT-3.5 score was around the bottom 10%.” Companies like Stripe, Duolingo, and Khan Academy were among the beta testers.

Image credits: Microsoft

news that buried

Where there is obvious spirituality, the news is often buried – intentionally or unintentionally. As a result, over the past week, there has been a lot of news that deserves more attention – both good and bad. list include Launching House concludes current operations layoffs, So is Claviyo And Cycle Hero conducts company-wide layoffs for the first time.

Here’s what else I missed sharing my two cents on:

A magnifying glass focusing sunlight into a repeating point on a turquoise colored background. High angle view;  Due technical care

Image credits: Mirage J (opens in a new window) / Getty Images

etc., etc.

Seen on Techcrunch

Google is warning users to take measures to protect against remotely exploitable flaws in popular Android phones

At Virgin Orbit, you shouldn’t have come on vacation for employees

Pornhub owner MindGeek has been sold to the private equity firm

The anonymous app Sidechat is picking up on its rival, Yik Yak…and users aren’t happy

Seen on TechCrunch+

Dear Sophie: How do I return to the US as a founder?

How to Promote Me: 7 Investors Discuss What They’re Looking For in March 2023

Zero Budget: A Proven Framework for Runway Expansion

Product-led growth is driving a wave of sales tool startups

Silicon Valley has been through a grueling stretch, and that’s saying a lot given that COVID-19 is still an ongoing pandemic and downturns are still hurdles. If you’ve made it to the end, thank you, but also, take a nap. We’ll be here on Monday. You deserve some rest. I’d probably have some kind words for how technology can pull together during a time of massive stress, but for now, sleep.

Chat soon – and let me know if you’d like to live tweet “Caliphate” with me next week?

n



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