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.
Do Kwon Guilty, Powell Pivot & OpenAI’s $12B Run Rate | E2168
Today’s show: Terra’s collapse, Powell’s pivot, and OpenAI’s explosive growth all collide in this TWiST deep dive. Do Kwon has pled guilty after Terra/Luna’s $60B implosion, Fed Chair Powell hints at a September rate cut, and OpenAI has officially crossed $1B in monthly revenue (on a $12B run rate). Jason and Alex unpack what this means for founders, LPs, and the next wave of AI + crypto. They also cover Canva’s $42B comeback, Anthropic’s doubled $10B fundraise, and the brewing battle between Figma & Canva. Plus: Uber, Nuro & Lucid’s $6B robotaxi push — and why drivers are already protesting in Wuhan & Boston. #Startups #Crypto #AI #VentureCapital #OpenAI #Anthropic #Canva #Figma #ThisWeekInStartups
Key Points
- The Anchor Protocol's collapse led to a death spiral for TerraUSD and Luna, burning tens of billions of dollars in value.
- The Fed's potential rate cut could ease borrowing costs, giving startups a chance to raise additional funds more easily.
- Do Kwon pled guilty to charges related to fraudulent schemes at Terraform Labs, highlighting the risks in unregulated and complex crypto projects.
Chapters
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| 24:15 | |
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| 51:33 | |
| 55:09 | |
| 1:07:14 | |
| 1:13:57 | |
| 1:16:14 |
Transcript
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