This Week in Startups
Jason Calacanis covers startups, tech, markets, media, and all the hottest topics in business and technology. He also interviews the world’s greatest founders, operators, investors, and innovators.
HuggingFace Buys Pollen Robotics, DHH & Bezos Founder Advice & a JCal Origin Story | E2111
Today’s show: In this episode, Jason, Alex, and Lon dive into Blue Origin’s all-female celeb spaceflight (yes, Katy Perry sang on reentry), Hugging Face’s unexpected move into robotics, and Jack Dorsey’s wild take that we should “delete all IP law.” Plus, they break down Figure AI’s eye-popping $39B valuation, the risks of SPVs, and what founders and investors can learn from the SPAC boom. As Jason puts it: “You just have to assume an 80% failure rate.”
Key Points
- SpaceX, Stripe, and OpenAI are among the most in-demand companies in the secondary market, highlighting the trend of high net worth individuals driving secondary investments based on brand recognition and long-term private status.
- Jeff Bezos and David Heinemeier Hansson emphasize the importance of overestimating opportunities and committing fully to entrepreneurial endeavors, even in the face of high failure rates and potential setbacks.
- Open-source initiatives in AI and robotics, as advocated by companies like Hugging Face, are crucial for democratizing technology and fostering innovation, contrasting with the closed approaches of market leaders such as OpenAI and Tesla.
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Transcript
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