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☆ Billionaire investor Chamath Palihapitiya suggests VCs could be replaced by 'an automated system' as the world adapts to AI
▼ + stars: | 2023-11-13 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Billionaire investor Chamath Palihapitiya discussed how AI could impact VCs. Palihapitiya said there was a "reasonable case to make" that the job could cease to exist. AdvertisementAdvertisementBillionaire investor and former Facebook exec Chamath Palihapitiya thinks AI will radically change the job of the venture capitalist. He said that changes to the industry sparked by AI could lead to VCs being replaced by "an automated system of capital against objectives." The rapid advancements in generative AI have sparked fears of job losses across industries, including in the financial sector.

Persons: Chamath Palihapitiya, Palihapitiya, —, Chamath, Jason Calacanis, David Sacks, David Friedberg Organizations: Service, Facebook, Silicon, Silicon Valley VC, Social Capital, Deutsche Bank Locations: Silicon Valley

☆ Meet David Sacks, the friend of Elon Musk who could play kingmaker for Ron DeSantis
▼ + stars: | 2023-06-01 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Ron DeSantis — including hosting the candidate's kickoff event on Twitter — demonstrate how Sacks is working to become a GOP kingmaker. A DeSantis campaign spokesman did not return a request for comment before publication. Sacks, according to Puck, serves as one of the group's directors. Kevin McGrann, a lobbyist at government relations juggernaut Forbes Tate Partners, is also linked to Bay Strategies, according to Hall. And Sacks said during a recent episode that he plans to ask the DeSantis campaign for the Florida governor to agree to an interview.

Persons: David Sacks, Paul Chinn, Caroline Wren, Wren, Donald Trump's, Jan, president's, Sacks, George Soros, Puck, Ron DeSantis, Peter Thiel, Ro Khanna, didn't, Joe Biden, Thiel, Elon Musk, –, Joe Lonsdale's, Julie Samuels, Samuels, DeSantis, I've, Trump, Stewart Hall, Jill Kendrick, Hall, Sen, Richard Shelby, Kendrick, Kevin McGrann, juggernaut Forbes, McGrann, John Boehner, OpenSecrets, Musk, Bari Weiss, isn't, Peter, Jason Calacanis, David Friedberg, Chamath, Robert F, Kennedy Jr, Kennedy, Biden, Nikki Haley, Calacanis Organizations: TechCrunch, Calif, San Francisco Chronicle, Hearst Newspapers, Getty Images Venture, Trump, U.S . Capitol, Republicans, Commission, Florida Gov, Twitter, GOP, PayPal, CNBC, Democratic, Microsoft, DeSantis, Purple Good Government PAC, FEC, Ron DeSantis PAC, PAC, Republican Party, Purple Good Government, Stewart, Public, Crossroads, Altria Group, Boeing, General Electric, Hearst Corp, Washington , D.C, Forbes Tate Partners, juggernaut Forbes Tate Partners, Forbes Tate, Association of Independent Mortgage Experts, United Wholesale Mortgage, SpaceX, Republican, YouTube, Biden, CNN Locations: San Francisco, Florida, Silicon, Trump, DeSantis, Puck, Washington ,, Ohio

☆ Production Board CEO on FDIC receivership, A.I. and Big Tech
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailProduction Board CEO on FDIC receivership, A.I. and Big TechDavid Friedberg, The Production Board CEO, joins 'Closing Bell: Overtime' to discuss reports that First Republic is most likely headed for FDIC receivership.

☆ Salesforce CEO asks if tech execs should 'unleash' their inner Elon Musk. Experts say that's an awful idea.
▼ + stars: | 2023-03-05 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Scott Latham, a strategic management professor at the University of Massachusetts Lowell, called Musk's leadership "incredibly dysfunctional." He said he's never seen a company recover from the type of drastic cuts Musk initiated at Twitter. "Every CEO in Silicon Valley has looked at what Elon Musk has done and has asked themselves, 'Do they need to unleash their own Elon within them?'" If you're going to have a successful company, you need good employees and good employees typically have options. "If more companies start treating their employees like Musk has, that would be a very grim future," Alon-Beck said.

☆ 11 podcasts that busy venture capitalists and founders say they trust right now
▼ + stars: | 2023-01-15 | by ( Robin Madell | ) www.businessinsider.com time to read: +11 min

Investors at JetBlue Ventures, Mighty Capital, and other VC firms shared their favorite podcasts. Another recommendation is "Origins" by partners at the biotech VC firm Notation Capital. Here are 11 great options, recommended by VCs, founders, CEOs, and other industry insiders. "The main thing about the VC world is building relationships, and Harry is an example of a great networker," Gershfeld said. "BTC is the single-most important asset in the world, and that podcast gets to the heart of why that is."

☆ Amid the rise of ChatGPT and other AI chatbots, venture capitalist Chamath Palihapitiya thinks Google Search will be the biggest loser of 2023
▼ + stars: | 2023-01-06 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

On the business podcast All-In, Palihapitiya said Google Search will be the biggest business loser of 2023. Amid the rise of chatbots like ChatGPT, Palihapitiya said more companies will engineer competitive search engines. The All-In podcast is a business podcast co-hosted by four tech industry veterans — PayPal COO David Sacks, investor David Friedberg, entrepreneur Jason Calacanis, and Palihapitiya. However, Palihapitiya doesn't think that ChatGPT is the only reason Google's search business might be on shaky grounds this year. With enough time and money, Palihapitiya said companies like Microsoft, Oracle, "Chinese internet companies," and even Facebook could be potential competitors to Google search.

☆ Elon Musk admits to making mistakes in his first 6 weeks of owning Twitter: 'Hey, I just got here, man.'
▼ + stars: | 2022-12-28 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Elon Musk gave the "All-In" podcast a gently self-deprecating review of his tenure at Twitter. But he quipped that it would be "pretty embarrassing and sad" if the moves tanked the site. "In the beginning, we'll make, obviously, a lot more mistakes, because I'm new to — Hey, I just got here, man," he said on the "All-In" podcast show posted on Saturday. Musk also defended a new "views" feature that Twitter unveiled this month to show how many people saw a particular tweet, which many users criticized for cluttering the interface. And obviously, if I make a bunch of mistakes, then Twitter won't succeed, and that will be pretty embarrassing and sad."

☆ Chamath Palihapitiya says he's faced privacy concerns over jet-tracking like Elon Musk, and would consider ditching flying private for something 'more anonymous'
▼ + stars: | 2022-12-17 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

Chamath Palihapitiya said he's dealt with privacy concerns similar to Elon Musk's jet-tracking. Palihapitiya said the question for him was whether or not to switch to "more anonymous" transportation. Thousands of commercial and private flights around the world are public and can be found on online tracker ADS-B Exchange. In a Twitter Space Thursday night with suspended journalists and Sweeney, Musk reiterated his point that accounts who "dox" people will be suspended. The journalists pushed back on the characterization that they had participated in any doxing, and Musk eventually left the conversation.

☆ Chamath Palihapitiya said Sam Bankman-Fried once pitched him, but after the investor suggested changes like forming a board, FTX told him to get lost
▼ + stars: | 2022-11-15 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried once pitched Social Capital, but Chamath Palihapitiya said he "didn't make much sense." After the Zoom meeting, the firm sent FTX recommendations if things were to proceed, including the formation of a board. Palihapitiya said that FTX then told his firm to "go fuck yourself" for suggesting changes. He said Bankman-Fried pitched Social Capital while raising a $17 billion round. Palihapitiya said he still thought Bankman-Fried and FTX were in "the bucket of these guys are unbelievably arrogant and smug."

☆ Folks are anxious to know what brought FTX to this point, says The Production Board's Friedberg
▼ + stars: | 2022-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFolks are anxious to know what brought FTX to this point, says The Production Board's FriedbergDavid Friedberg, The Production Board chairman, joins 'TechCheck' to discuss what FTX's liquidity situation means for the cryptocurrency industry, questions into how cryptocurrency exchanges operate and more.

☆ Some Twitter staff were told to listen to a podcast hosted by 2 of Elon Musk's advisers for 'insights' into mass layoffs, report says
▼ + stars: | 2022-11-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter's health team was instructed to listen to tech podcast "All In," Platformer reports. In the podcast, Musk advisers David Sacks and Jason Calacanis discussed Silicon Valley layoffs. Staff were told the podcast "provides some insight into why this is happening/necessary," Platformer reported. The hosts celebrated Musk's decision to layoff 50% of Twitter's staff, despite criticism and lawsuits brought against the company. On the podcast, Sacks explained that he and Calacanis don't have official roles at Twitter, but "are just pitching in and helping out while Elon establishes his permanent team."

☆ Tech investor says Elon Musk's decision to 'cut deep' in Twitter layoffs could set a new standard for Silicon Valley
▼ + stars: | 2022-11-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Tech investor David Friedberg said Twitter's layoffs could encourage other companies to follow suit. Elon Musk laid off about 50% of Twitter's staff, while other tech companies have had more conservative cuts. Tech investor David Friedberg said Musk's cost-cutting measures at Twitter could quickly become a new Silicon Valley standard as companies struggle to address the economic downturn in the months to come. Twitter staff were told to listen to the podcast episode to learn why layoffs were necessary, according to tech newsletter Platformer. However, some experts have pointed to Musk's layoffs — which were conducted via blunt emails signed by "Twitter" — as an example of what not to do.

☆ The 6 most interesting quotes from the podcast hosted by Elon Musk's friends that Twitter staff were reportedly told to listen to amid layoffs
▼ + stars: | 2022-11-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +8 min

Some Twitter staff were told to listen to a podcast hosted by Elon Musk's associates, Platformer reported. A Twitter VP reportedly told staff it would provide insight into why layoffs were necessary. David Sacks and Jason Calacanis — two of Musk's close associates who have stepped in to help him at Twitter — also cohost the show. 'Just helping a friend'During the podcast, Sacks and Calacanis attempted to clarify their new roles at Twitter. It later emerged that they were likely practical jokers pretending to be laid off Twitter staff.

Elon Musk seems determined to remake Twitter in his own image — with some help from the men in his trusted inner circle. They are joined in Musk’s orbit by Alex Spiro, a trial attorney with a roster of celebrity clients who reportedly led the first round of Twitter layoffs. Bloomberg reported Wednesday night that Twitter is preparing to eliminate about 3,700 jobs, or roughly half its workforce. Musk's personnel decisions suggest a possible road map for the future of Twitter, one in which policies and internal rules are drawn at least in part from the views of Musk’s consiglieres. Sacks, Calacanis, Spiro and Birchall did not immediately respond to questions about the company’s future and the nature of their roles there.

☆ I binge-listened to tech podcasts for a week, and what I learned about Silicon Valley is kind of scary
▼ + stars: | 2022-10-04 | by ( Adam Rogers | ) www.businessinsider.com time to read: +19 min

2: The hosts don't know what they don't knowThe problem is, VC podcasts don't stick to the core issues of venture capital. 3: The hosts want us to believe what they don't knowThere's a shocking amount of this kind of drivel on the tech podcasts. This is what a good tech podcast should do: Use access to the best and most successful investors and innovators to illuminate the way Silicon Valley works. But that's not what matters in the world of tech podcasts. But after 40 hours of listening to tech podcasts, I feel kind of bad about it.

☆ Inside the life of Silicon Valley private chefs who make up to $170,000 to fly on private planes, drive Lamborghinis and live in California mansions
▼ + stars: | 2022-05-25 | by ( Becky Peterson | ) www.businessinsider.com time to read: +11 min

"Some want you to be a butler and put slippers by the door," said one private chef who asked to remain anonymous for fear of reprisal. From the NDAs to the high-flying perks and special diets, some of Silicon Valley's private chefs share their experiences. When he turned to private cooking several years ago, he stepped into a different and sometimes surreal world. His business is built on a core tenet of the private-chef world, which is that people who hire private chefs often have more money than they have time. Besides their cooking skills, the most important skill in the world of private chefs is discretion.

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