“In January 2021, OpenAI introduced DALL·E. One year later, our newest system, DALL·E 2, generates more realistic and accurate images with 4x greater resolution.” | learn more
Beware of selection bias here, even when it’s not obvious (i.e. the last decade might be unique). “We analyzed over 2,600 seed-stage startup investments made on AngelList dating back to 2013 to determine the likelihood of any startup achieving unicorn […]
From Benedict Evans. “Amazon’s ad business is bigger than YouTube and more profitable than AWS. Shein is the biggest fast-fashion retailer in the US, with no stores. US pay TV subscribers have fallen by a third. Where do ad budgets […]
The auto maker has said they’ll accept legal liability for collisions while the system is activated. “Mercedes says its Drive Pilot system is the first Level 3 hands-free autonomous driving technology available on a production car.” | learn more
When competing in a highly regulated market. Provi, a “startup that helps restaurants and bars order alcohol is suing two of the largest wine and spirits distributors in the U.S., alleging they are preventing retailers from using its service.” | learn more
“When I started in VC, markups were useful validation that a new fund knew what it was doing. But there was relatively less fixation on performance numbers early in a fund’s life. This seems to have changed. Why?” | learn more
This interview with Emily Leproust, co-founder and CEO of Twist Bioscience, is part personal bio, part founding story, and part glimpse into the future of a bio-based economy. I came away impressed by her as a businessperson and leader! | learn more
“I was first alerted of my uselessness in 1995, when ~ fresh out of college ~ I worked as an intern at the Mayor’s Office of Film, Theatre & Broadcasting in New York City.” | learn more
“Hyman Minsky was a 20th-century economist whose ‘financial instability hypothesis’ is probably the best-known explanation for the boom and bust cycles that characterize public financial markets. … We’re currently in the midst of an unprecedented boom in private market activity. […]
“Advanced techniques are applied to study patterns of growth, failure, value evolution, and performance.” This form of analysis has proven valuable across multiple classes of investments. The pace of VC deals nowadays might provide enough data to apply the approach […]