This Week in Startups
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.
Jason Calacanis
PodcastAI
PodcastAI

The Automation Endgame, VCs Returning Cash, and the OpenAI Wager | E2019

E2019 • Oct 2, 2024 • 85 mins

Alex Wilhelm joins Jason to discuss the ongoing ILA strike and impact, Startup opportunities in port automation, CRV's $275M return to investors, OpenAI closing its $6.6 billion mega-round, and more!

Key Points

  • Automation is increasingly impacting both blue and white-collar jobs, with blue-collar roles seeing full automation and elimination, while white-collar roles experience job compression and increased productivity expectations.
  • The lack of IPOs and venture capital distributions highlights the challenging environment for liquidity events, with late-stage investments particularly affected by high valuations and market conditions.
  • CRV's decision to return $275 million to its LPs underscores the difficulty of deploying late-stage capital effectively in the current market, emphasizing the importance of focus and specialization in venture capital strategy.
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